Whats the rising bitcoin price has to do with the infamous MtGox bankruptcy?
With the current bitcoin price, the value of their assets is up to 86% of the claims right now.So the target price of BTC when MtGox can technically become solvent is $1980.22
However if the trustees decides to sell a whopping 202,000 BTC at this price point, we are staring at the highest sell wall for BTC in the recent times.I hope the trustees are not dumb enough to crash the BTC market.
Note: There is also a lawsuit by the US company CoinLabs for $75million, which will act as a deterrent for the great sell off.