Bitcoin has dropped slightly since establishing highs of $11,730 on Monday. The leading cryptocurrency currently trades for just over $11,400. Bitcoin is expected to see some volatility as announcements are expected from China about blockchain or its digital currency. From a technical standpoint, BTC is expected to retrace in the coming days as the bullish uptrend exhausts. One analyst outlined two core reasons why the cryptocurrency could drop towards the low-$11,000s in the days ahead.
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