Bitcoin sales by the German government and Mt. Gox may be coming to an end, which could be a signal that bitcoin prices have bottomed. As the impact of these sales on the market begins to wane, there is much to look forward to in terms of where the market is headed.

Bitcoin prices fell 7% to $53,550 on Thursday night, a four-month low, triggering a massive liquidation in the market. Mt. Gox has begun distributing funds to creditors, and the German government may have been conducting bitcoin sales.

The 50,000 bitcoins sold by Germany may have hit the bottom of the market. Large buyers may lower their bids to avoid overpaying, which could cause prices to fall further. But once all the bitcoins are sold, the market may stabilize or rebound.

It is unlikely that selling pressure will decrease in the coming days, but if sales fall short of expectations, the market could see a rebound, perhaps even setting prices around $50,000. #非农就业数据即将公布 #德国政府转移比特币 #Mt.Gox将启动偿还计划 #BTC☀