$BTC
Oops! Big news!
You'll regret it if you don't read it!
The Bitcoin market seems to be quietly touching the outline of its local bottom. However, it is worth noting that Mt. Gox's pending move is like an undercurrent - the exchange has not yet released 94,457 BTC, which accounts for nearly two-thirds (67%) of the total BTC repayment raised for creditors, which undoubtedly adds some uncertainty to the market.
The intervention of the German Federal Criminal Police (BKA) was like a sudden storm. Its behavior of selling Bitcoin on the trading platform quickly triggered a chain reaction in the market. Different types of investors, swept up by this selling tide, chose to leave, exacerbating the short-term volatility of Bitcoin prices.
But please note that multiple signs are indicating that Bitcoin's downward trend may usher in a turning point. Multiple factors are intertwined to build a complex picture that may cause Bitcoin to stabilize and rebound. At this moment, the market is waiting for these positive signals to ferment further to open the prelude to a new round of Bitcoin market.
A sudden good show is about to be staged! ! !