Bitcoin about to tumble below $60K as Mt. Gox FUD spreads
Share link:In this post: Bitcoin is at risk of falling below $60,000 due to FUD surrounding the Mt. Gox trustee’s distribution of 140,000 BTC next month. The options market shows little activity, suggesting traders do not expect any major short-term volatility despite the impending distribution. Technical indicators and analysts suggest Bitcoin might be nearing a bottom, with potential for consolidation and recovery if key support levels hold.Disclaimer. The information provided is not trading advice. Cryp
Bitcoin is teetering on the brink of a massive drop below $60,000 as fear, uncertainty, and doubt (FUD) surrounding the Mt. Gox trustee’s announcement spreads like wildfire. This announcement has sent shockwaves through the crypto community, causing Bitcoin to plummet to lows of $60.5K.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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