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Bitcoin prices rebounded after hitting a low of $53,550, according to recent technical analysis. Bitfinex analysts suggest that Bitcoin may have reached a local bottom following a significant sell-off in June, when it dropped to $53k. Despite the pending distribution of 94,457 BTC by Mt. Gox and ongoing sales by the German government, the overall market impact appears limited. The analysis was based on market data over the weekend.
A new Bitfinex report has suggested that bitcoin reached a local bottom when it dropped to $53k https://t.co/7aTJHE1UTc
ANALYSTS CLAIM BITCOIN BOTTOM IS HERE Based on recent market data, Bitfinex analysts indicate that Bitcoin might have reached a local bottom. Despite Mt. Gox's pending distribution of 94,457 BTC and ongoing sales by the German government, the overall impact appears limited.… https://t.co/q7985PLS2P
BITCOIN MAY HAVE HIT BOTTOM AFTER JUNE SELL-OFF Bitfinex analysts suggested that Bitcoin might have reached a local bottom based on market data over the weekend. Their comments come even though Mt. Gox is yet to distribute 94,457 BTC, and the German government keeps dumping BTC… https://t.co/7HVZ2XOMq9