By CCN.com: As the bitcoin price slightly retraced below $5,000, the valuation of the crypto market dropped by $9 billion in the past 24 hours. However, based on technical indicators, analysts remain convinced that the $5,000 to $6,000 range will be broken by bitcoin in the near-term and $7,000 is the next reasonable step for the dominant cryptocurrency. The valuation of the crypto market dropped by $9 billion but in the past seven days, even with today’s drop, the market has added $28 billion. Why $7,000 For Bitcoin? According to technical analyst Todd Butterfield, the bitcoin price is likely to
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