Bitcoin whales increase their buying accumulation, amidst the sell-off of Mt. GOX.
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CryptoQuant CEO, said the impact of Mt. Gox on Bitcoin is overvalued and will be used by big players to get BTC at a discount. He noted that currently Bitcoin price is most vulnerable to FUD – fear of uncertainty. There is an argument that some of the selling pressure is related to Mt. Gox, has been taken into account by the market. The market price is still said to be low by some analysts so that investors and whales dare to accommodate BTC in the shadow of MT.GOX.
Apart from that, the growth in interest and market acceptance of crypto has increased, this has become a trigger, where if crypto interest, either individually or in countries, begins to increase, it is a signal that in the future there will still be profits. This has been proven by BTC being able to reach $66 💯 in a short time..📝 Please remember that every purchase and sale you make is your own responsibility. keep smiling 😊 greetings profit.