Golden Finance reported that Mt. Gox plans to repay $8.5 billion worth of Bitcoin. IG Markets analyst Tony Sycamore said that repaying the loan to creditors next month may not have a significant impact on the price of Bitcoin as many people expect. There are too many historical factors to make a specific prediction about the impact of the upcoming repayment, but it is estimated that about half of the Bitcoin (worth about $4.5 billion) may enter the market in July.
Sycamore believes that a large part of the so-called Mt. Gox selling pressure has already been reflected in the current market conditions. Repayment has been going on for a long time. It happened against the backdrop of deteriorating market sentiment, technical selling, and outflow of Bitcoin ETF funds. Most of the speculative 'hot money' in the cryptocurrency field has left and gone to the 'broader world' of chasing giant stocks such as Nvidia and Apple in the stock market.
Par ailleurs, en ce qui concerne l'évolution des prix du Bitcoin, Sycamore a déclaré qu'il ne croyait pas que les ventes actuelles continueraient de baisser. Il a souligné que le solide support de la moyenne mobile sur 200 jours était une raison de rester optimiste pour les semaines à venir.
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L'analyste d'IG Markets : Le remboursement de Mt. Gox pourrait ne pas avoir un impact majeur sur le prix du bitcoin
Golden Finance reported that Mt. Gox plans to repay $8.5 billion worth of Bitcoin. IG Markets analyst Tony Sycamore said that repaying the loan to creditors next month may not have a significant impact on the price of Bitcoin as many people expect. There are too many historical factors to make a specific prediction about the impact of the upcoming repayment, but it is estimated that about half of the Bitcoin (worth about $4.5 billion) may enter the market in July. Sycamore believes that a large part of the so-called Mt. Gox selling pressure has already been reflected in the current market conditions. Repayment has been going on for a long time. It happened against the backdrop of deteriorating market sentiment, technical selling, and outflow of Bitcoin ETF funds. Most of the speculative 'hot money' in the cryptocurrency field has left and gone to the 'broader world' of chasing giant stocks such as Nvidia and Apple in the stock market. Par ailleurs, en ce qui concerne l'évolution des prix du Bitcoin, Sycamore a déclaré qu'il ne croyait pas que les ventes actuelles continueraient de baisser. Il a souligné que le solide support de la moyenne mobile sur 200 jours était une raison de rester optimiste pour les semaines à venir.