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Analyst Who Predicted Bitcoin’s V-Bounce at $3,700 Thinks This Comes Next

Bitcoin has stagnated after surging as high as $11,500 on Monday. As of this article’s writing, the asset trades for $10,950 — just under 5% below the local high. Analysts remain optimistic about BTC, arguing that the asset is poised to rally further in the days ahead. One trader is predicting that Bitcoin could hit $17,000 in the weeks and months ahead. This is the same trader that has made historically accurate calls. For instance, the trader predicted BTC would see a V-shaped reversal in March, then it did. BTC’s price action may be somewhat dependent on that of gold,…

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