Bitcoin Forecast And Analysis For 22nd February: Small Decline, Price Now In Buy Area

As expected in yesterday's post, today the price has fallen slightly below 4000 and is now inside the blue buy area I said to watch for a reversal.

At the time of this writing, the bitcoin course was equal to $3880 and the market capitalization was $69 billion.

So far we haven't seen the price reverse out of the area, but there's a chance that could happen later on tonight or tomorrow. If the price doesn't reverse and instead keeps falling, the buy area seen below (marked in green) is the next point to watch for a reversal.

At the minute it's impossible to tell whether the price will reverse at the current buy area or the one just below, so for the moment keep an eye on both and watch for signs of a reversal.