Bitcoin Forecast And Analysis For 23rd March: Price Rising Back To 4000

Bitcoin Price Analysis And Market Cap On March 23

The price is currently rising back towards 4000. Yesterday’s decline has not continued, with the price instead slowly rising back up to the point where the decline started, which is just above 4000.

At the time of this writing, the bitcoin course was equal to $3968 and the market capitalization was $70 billion.

It’s easy to think that because of the rise, the price is now likely to break back above 4000 and continue rising again. However, I’m not sure if that’s going to happen since the rise itself is weak - it’s made up of small candlesticks rather than large ones which indicate strength.

The best course of action, for now, is to wait to see what the price does over the coming hours. If we see the rise continue and the price makes it back above 4000 and the beginning of yesterday’s decline, I think there’s a good chance we could see it continue to rise over the weekend. If a large decline takes place, however, I think we’ll see it fall into the buy area and then either reverse or keep falling. We’ll have to wait and see to know which one it is.