Bitcoin Forecast And Analysis For 14th March: Price Consolidation At 3850 Again

The rise from the yellow area seen yesterday came to an end last night. The price is now back consolidation around the 3800 level as it was for most of the last week.

At the time of this writing, the bitcoin course was equal to $3844 and the market capitalization was $68 billion.

The failure to continue rising suggests we could see some kind of decline take place either today or over the weekend. The price is falling now but whether this is the beginning of a major decline or just a small drop in the consolidation remains to be seen.

For now, the outlook remains the same as yesterday. If the price falls, watch for a reversal in the yellow area or the green area below. If it rises, a small decline will probably occur around 3950 before it breaks above 4000.