Why This Analyst Thinks Bitcoin Hits $17,000 in the Next Week

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Bitcoin has dropped dramatically from the $16,000 highs, falling as low as $14,300 this weekend. Analysts remain optimistic that the cryptocurrency is set to resume its uptrend in the days and weeks ahead. One trader went as far as to say that the asset could move towards $17,000 or even $18,000 as the trends of this market remain positive. Bitcoin Could Soon Hit $17,000, Analysts Say Bitcoin has dropped dramatically from the $16,000 highs, falling as low as $14,300 on Saturday. The cryptocurrency has finally bounced though, returning to $15,300 as of this article’s writing. Analysts are optimistic that the cryptocurrency could resume its ascent, potentially towards $17,000 or even $18,000 as the trends of this market remain positive: “I think there’s a decent chance bitcoin breaches $17k and even into $18k in the next 10 days (next weekly candle). We are due for a decent mid timeframe blowoff and…

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