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Written by Jordan Bodnar, 19.10.2017
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Survey published by CNBC saw over half of respondents view bitcoin price as heading towards $10 000+. This is definetly the year for it to do so with it's astounding momentum. The leading cryptocurrency has grown almost 500% this year alone.
Pattern recognition charts focast an interesting story. Based on the most similar patterns we see a fork in the price trajectory. Either Bitcoin prices continues to surge or we see it stall and reverse. This final quarter has been - and will be - exciting to say the least. Could bitcoin hit the projected $7 000 by the end of the month? We shall wait to see.