CNBC BITCOIN NEWSFLASH!

Bitcoin will trade between $6,500 and $22,000 in 2018, according to the first analyst to cover it
Bitcoin could trade in a range of $6,500 to $22,000 in 2018, according to Nick Colas at DataTrek Research, an analyst who's been covering the cryptocurrency for at least four years.

Along with the wild price fluctuations will come four market "crashes" with price drops of at least 40 percent, he said.
Ultimately, he said a price of $14,035 would be a reasonable midpoint, representing a drop of about 11 percent from Wednesday's level.