"Bitcoin could hit a local low, according to Bitfinex analysts. The price of BTC fell below the 120-day range, reaching $53,219, due to fear and uncertainty surrounding the start of payments to Mt. Gox creditors. Bitfinex claims that the fall in BTC is partly caused by the sale of Bitcoin to German law enforcement by the BKA. However, despite the significant nominal value of BTC transferred to exchanges by the German government, this is only a small fraction of the total volume of BTC bought and sold since 2023 📉 #cryptonews"