Bitcoin Forecast And Analysis For 26th March: Price Drifting Down To 3850

The rise to 4000 that was taking place last Friday has come to an end this weekend. The price did try to break 4000 a couple of times on Friday morning but both attempts failed, and since then the price has been falling.

At the time of this writing, the bitcoin course was equal to $3959 and the market capitalization was $70 billion.

So far the decline hasn’t been very strong; the price has just drifted lower with no sharp movements taking place. Whether it stays like this or not remains to be seen. However, the price is now getting close to the end of the sharp decline seen last week, (the blue area) so we could see a significant rise or big drop take place soon, as this area is a point where the big players may have placed some of their trades/investments.

For now, my advice is to watch the small blue area at the end of the big decline. A sharp rise out of this area would indicate a potential rise back to 4000 whereas a small rise followed by a big drop would suggest a further decline to the bottom buy area. In any case, monitor the situation closely.