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RE: BTC - Correction still in progress - Direction of our support line

in #bitcoin7 years ago

The good news is that Mt. Gox is most likely done selling their stash. The rest should be in the hand of Mark Karpelès. For now the sell pressure should have resided and we can get back to business as usual in the next couple of months. Once we breach the 16-17k range I think money will start flowing back in. For now try looking at the price is boring and not useful. BTC is now a hold if already invested or wait and buy situation IMO.