(BTCThe witness to a A see-saw struggle nears $40,000Both the bulls as well as the bears are trying to win the upper hand. The volatility could remain high as the markets await the United States Federal Reserve’s policy decision due on March 16.

Willy Woo is an analyst who suggests Bitcoin may witness a capitulation.A cost basis is a method that measures the amount of Bitcoin transferred by inexperienced traders to more experienced ones. These sharp drops often indicate the formation of market bottoms.