Quote from: dwyane36 on Today at 02:25:06 PM

Quote from: STT on June 23, 2024, 09:44:46 PM

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The recent news about the upcoming Mt.Gox payout has changed the mood of the market so much. So now it's not really clear where exactly the BTC price will be at the end of June and what range will be the winning one in the end. While many people placed bets on the $65-70k range, I wouldn't rule out that the $55-60k or $50-55k range might be a good one this time.

While the $50k to $55k price range may be due to panic, I wouldn't put that price range as a priority so far. The current price range may be trending towards the support level at $60k, with it even being expected to reach $62k or above before the end of June. Mtgox's distribution plan could possibly impact the market and turn it into negative sentiment, but I can imagine that Mtgox probably won't distribute it all at once.