📢📢Blockchain News! Josh Gilbert, a market analyst at eToro, said in an interview recently that the current massive sell-off of Bitcoin is mainly due to market concerns about the repayment of Mt.Gox creditors, and it is expected that about $80 billion worth of BTC will flow into the market this month. 😱😱

He predicts that Bitcoin's price trend may deteriorate further in the coming days. He pointed out that there are far more negative news than positive news at present, and the selling activity has obviously made investors uneasy, which often triggers more selling. He even predicted that "I would not be surprised if Bitcoin tests the $50,000 level within the next week, but this will be a key psychological level."😰😰

However, Gilbert also said that despite the bearish short-term outlook, investors also have reasons to remain bullish in the longer term. He said: "We look forward to catalysts such as the Fed's interest rate cut in September, and possible interest rate cuts in December to boost prices."🚀🚀

So, although Bitcoin may fluctuate in the short term, in the long run, the prospects of Bitcoin are still worth looking forward to! 💪💪