Bitcoin Price Set for 10.5% Drop Amid Mt. Gox Payout and German Sell-Off, Analyst Says
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Bitcoin could decline by up to 10.5% according to analyst Alex Kruger’s latest forecast, primarily influenced by the MT Gox restitution plan. The release of 95,000 BTC by Mt Gox within the next 90 days is predicted to impact the market. 30% of these BTC releases, along with German government sales, could exacerbate the decrease.
Source: CoinOtag
