After a quick sell off bitcoin is back on track to make a run at 10k. However, a Mt. Gox selloff is possibly floating out in the ether (no, not that ether lol!)
Bitcoin Back on Track
Bitcoin was able to rally and close back above 9,200 (the prior tops) after that hard one day sell. The good news is it held the lows of the last consolidation, which is positive for price action and is now in a position where a run at 10K is on the table again.
Mt. Gox Moves 16,000 Bitcoin
Apparently, wallets associated with Mt. Gox moved 16,000 bitcoin from cold storage. No one knows for sure whether these have already been sold or if they are awaiting sale, but either way it's a possible large sell side supply out there that could weigh on price in the near-term.
I talk about that and some other cryptos in the video below...
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Best Regards,
Disclaimer: All info in this post is my opinion and for educational use.