Bitcoin Forecast And Analysis For 19th March: Price At 4000, Watch Buy Area For Beginning Of Next Rise

This weekend Bitcoin returned to 4000 for the first time in over a month, breaching the major resistance level and indicating that we could see the price rise further over the coming week.

At the time of this writing, the bitcoin course was equal to $3964 and the market capitalization was $70 billion.

Bitcoin hit 4000 for the first time on Friday afternoon, after a sharp rise pushed the price up. It then hit it again yesterday afternoon before falling slightly in the evening. Right now the price is hovering around 3950. But I think we could see another rise take place, possibly after the price enters the buy area marked blue, since that’s the last point where the whales - the people who control the price - bought a large amount of bitcoin.

For the moment, keep an eye on the blue buy area. There’s a very high chance we could see a large reversal cause another big rise above 4000 to take place when the price enters this area, so it may be a good point to look for opportunities to buy.