Bitcoin Forecast And Analysis For 2nd March: No Rise, Consolidation Continues

Bitcoin Price Analysis and Market Overview

After the decline and subsequent bounce seen yesterday, it seemed like the price would rise today. However, an attempt to move higher last night results in the price falling again, and now it’s consolidating back around 3800.

At the time of this writing, the bitcoin course was equal to $3817 and the market capitalization was $67 billion.

Even though the attempt at a rise failed I still think we could see the price rise back up to 4000 in the coming days/next week. It’s possible that a drop to the mid-way point of the decline that took place yesterday could occur before the price attempts to rise to 4000 again, so keep that in mind if you’re thinking about buying.

For now, continue to monitor the situation closely.