Bitcoin Forecast And Analysis For 10th April: Consolidating Around 5200

Today the price has consolidated around 5200. The price did rise up to the 5438 high after I posted yesterday’s update, but it wasn’t able to break above and has since declined and begun to consolidate around 5200.   

At the time of this writing, the bitcoin course was equal to $5204 and the market capitalization was $91 billion.

Like yesterday, I don’t really think this decline and current consolidation means much, in regards to what the price will do in the future. I still think we’re going to see the price break above and start another big rise very soon, maybe towards the end of the week.

Today’s outlook remains the same as yesterday. The price still hasn’t reached the small green buy area, so continue to watch that if it falls. If it rises the 5438 high again another small decline may take place, but that might be followed by a much bigger rise, so keep that in mind.