Bitcoin Forecast And Analysis For 13th March: Price Rising Back To 4000 After Hitting Area

The decline that was taking place yesterday has come to an end today, and the price is now rising back towards 4000.

At the time of this writing, the bitcoin course was equal to $3862 and the market capitalization was $68 billion.

The decline came to an end when the price hit the yellow area I said to watch for a reversal. This area seems to be quite an important point in the market, so it’s best if we continue to watch it over the coming days. Now the price has reversed I think it’s likely we could see it hit 4000. I’m not sure whether this will happen in the next few days, but I think there’s a good chance.

For the moment, I’d continue to watch the price. If another decline does take place, monitor the yellow area to see if it causes a reversal. If it continues to rise and gets near 4000, expect to see a small decline before it breaks