#BTC hit the 60k levels . This should bounce from here otherwise situation will worsen .
Next support levels 58k , 55k , 52k
MtGox shit has added fuel to it . So for they were just delaying , but now they have confirmed that the distribution will really begin from the beginning of the upcoming month . Though its circulating since years but they know when to cash it .
Now the question is if they will just distribute the stolen Btc back, why dump ?
Long story short : In 2014, BTC was priced at around $300, which is negligible compared to current prices. Those who lost BTC will get it back in the same form , which is now skyrocketed in value .
For instance, if someone lost 3.3 BTC worth $1,000 in 2014, they will now receive the same 3.3 BTC, but it’s valued at approximately $200,000 today. Its expected that many recipients are likely to sell this newly received wealth rather than hold it, leading to increased sell-off pressure in the market.
But this is not the end of this cycle. This news has likely marked the end of the turbulence. Altcoins are already exhausted from dumps, and I sense a reversal soon. Patience guys .
Just 9 days left until the end of Q2. Q3 and Q4 are where our patience will likely pay us .
I understand people are feeling bored lately due to unfavorable price actions and have an extra bearish sentiment. Trust me, these are the moments the most bearish individuals of our time would wish they had seized.
When the market turns bullish, sentiment peaks, and you rarely hear bearish tweets. This leads to FOMO . Conversely, during market drops, most people turn bearish, and bullish tweets become rare, resulting in heightened fear like we're experiencing now.
The crypto market is an emotional rollercoaster . Be strong .