Mt. Gox Bitcoin Returns Could Pressure Market in July, JPMorgan Analysts Warn

JPMorgan analysts forecast that the imminent distribution of Bitcoin by Mt. Gox might exert temporary downward pressure on the market. The analysts predict that some Mt. Gox creditors will sell portions of their Bitcoins, initially creating a bearish sentiment. JPMorgan anticipates a market recovery starting from August despite the short-term sell-off pressure. JPMorgan predicts temporary

Source: CoinOtag