parag jadhav
Mt Gox has started repaying its users with 90k Bitcoins. To date, reportedly, 40% has already been paid.
ETF inflows will continue to dominate Bitcoin’s price as the market braces for $100k price targets.
Crypto analysts say Bitcoin has been above critical trend lines and is not expected to fall anytime soon.
On the bull side, Bitcoin is expected to cross $100k in 2024. However, if Mt Gox-led sell-off intensifies, the price might drop to $50k.
At press time, Bitcoin was at $66k, up 1.7% over the week. If the prices cross $70k, we might see a new ATH soon. Otherwise, a breakdown to $62k might occur.