Today news
About the same in other media
31.07 - 06:34
Germany & Mt. Gox Bitcoin Sell-Offs ‘Likely’ to Mark Market Bottom
Reading now: 875
Joe Burnett, a former Blockware Solutions analyst and senior product marketing Manager at Unchained, forecasts an ease in market conditions only when Bitcoin sell-off pressure from Mt. Gox and Germany abates.
It’s highly likely that Germany selling 50,000 #bitcoin will mark a bottom.
Announcing a sale of this size is idiotic and creates a reflexive feedback loop.
Let me explain my thoughts.
Imagine you’re a whale on the bid or market maker on the bid with a 1,000 BTC bid at the top…
— Joe Burnett, MSBA (
Read more on cryptonews.comAbout this in other media
Bitcoin (BTC) Bounces Back Towards $60K and Experts Predict Solana (SOL) to Hit $180; Clandeno (CLD) ICO Available Now cryptonews.com /2 months ago
Bitcoin Price Nears $63,000 Amid Broader Market Rally cryptonews.com /2 months ago
Bitcoin Price Prediction: German Government Sells Final BTC Holdings – $100,000 BTC Possible? cryptonews.com /2 months ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
