Bitcoin Forecast And Analysis For 26th February: Large Decline Signals Move Back To 3500

Bitcoin Price Surge and Market Capitalization

The large rise we saw take place at the end of last week continued this weekend. However, a significant decline yesterday afternoon wiped out of most of the gains, and it's now looking like we could see the price continue to fall, possibly back to 3500.

At the time of this writing, the bitcoin course was equal to $3839 and the market capitalization was $67 billion.

The rise started on Saturday evening and pushed the price well above 4000, hitting a high of 4171.

Significant Decline and Market Outlook

After a few hours of pausing the price began to fall. At first, the decline was small, causing the price to only fall 100 points. But at 2pm Sunday afternoon, a huge decline made it fall all the way back to 3795, where it has remained since. The size of this decline indicates that we could see further down-movement in the coming days.

There's no way to tell where the drop will end but there is a buy area quite close where we could see it reverse, so I suggest keeping an eye on that for now.