Bitcoin Is Primed to See 10% Jump, Says Analyst Who Called V-Shaped Bounce

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Bitcoin has faced a retracement since hitting the highs of $15,975 last week. BTC currently trades for $15,400. Analysts remain confident in the short-term prospects of Bitcoin. The same trader that in the middle of March predicted that Bitcoin would see a strong V-shaped reversal to $10,000 by May or June is bullish. He says Bitcoin could hit $17,000 in the coming week. Bitcoin Likely to Move to $17,000 Next Bitcoin has faced a retracement since hitting the highs of $15,975 last week. The coin currently trades for $15,400, closing above key support levels, though it remains down from the weekly highs. Analysts remain confident in the short-term prospects of Bitcoin, though. The same trader that in the middle of March predicted that Bitcoin would see a strong V-shaped reversal to $10,000 by May or June recently said the following in reference to the chart below: “Breakout, retest, strong volume…

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