Bitcoin Back on Track! Will Mt. Gox Trustee Derail it?
After a quick sell off bitcoin is back on track to make a run at 10k. However, a Mt. Gox selloff is possibly floating out in the ether (no, not that ether lol!)
Bitcoin Back on Track
Bitcoin was able to rally and close back above 9,200 (the prior tops) after that hard one day sell. The good news is it held the lows of the last consolidation, which is positive for price action and is now in a position where a run at 10K is on the table again.
Mt. Gox Moves 16,000 Bitcoin
Apparently, wallets associated with Mt. Gox moved 16,000 bitcoin from cold storage. No one knows for sure whether these have already been sold or if they are awaiting sale, but either way it's a possible large sell side supply out there that could weigh on price in the near-term.
I talk about that and some other cryptos in the video below...
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Best Regards,
Disclaimer: All info in this post is my opinion and for educational use.
Free e-book: ScaredyCatGuide to Knowing What the Heck Bitcoin Is
Best Regards,
Disclaimer: All info in this post is my opinion and for educational use.
over 12k and then mooon
Are we finally experiencing a bull run and will it touch atleast 30000usd by year end
Well, we are atleast out of the bear run. I don't know if we reach 30K by year end, that is a substantial move.
thanks for the information
BTC went from $8k to $20k in like 4 months last year. It's entirely possible. But you can never really know.
All the best to every body if this happens
We'll all be driving lambos. :P
lets hope so
That's right, its anyone's guess. I will say the volatility and speculation at that time was much higher. I'm not saying we can't see volatility pick up again, but as the crypto market matures we will see it less often.
Wish I could trade with that kind of ammunition. Wish the court could lock these up and mandate they are loaned out (such as poloniex) where interest was received and sent out like dividends to the hurt holders.
Thanks for the post.
Cheers to steady healthy growth despite any large chunk sales.
Overall, things do seem to be set up for that.
Hard to hold back the future.
Yeah, orderly moves higher are also better in the long run than the roller coaster of spike and dips.
Bitcoin is a cryptocurrency and worldwide payment system. :3 It is the first decentralized digital currency, as the system works without a central bank or single administrator
thanks for sharing this type of news............resteemed.
We are all waiting for that move. hope it will last this time. Not should be like last time. Thanks for the Information.
If those 16k BTC are sold all at once, I'm pretty sure there will be an effect on the price. But I'm pretty sure it will be sold little by little