Bitcoin Forecast And Analysis For 23rd February: Reversal Out Of Buy Area

Today we've seen the price reverse out of the buy area it fell into yesterday evening.  

At the time of this writing, the bitcoin course was equal to $3924 and the market capitalization was $70 billion.

The reversal has only been small and hasn't caused the price to break above 4000 again, which indicates another small decline could be on the card in the coming days. There's really isn't much else to add in terms of analysis - the outlook is basically the same as it was yesterday post. If we do see the price continue to rise a new buy area will form at the base of the rise out of the buy area we've seen today, however, that hasn't happened yet so there's no point marking the area.

For now, watch the price to see if it continues to rise or start falling again.