Bitcoin eyes Mt. Gox recovery amid warning over BTC price dip to $58K
BTC’s price attempts to stabilize as traders warn of a possible return below Bitcoin buy support at $60,000.
Bitcoin sought to retest range highs at the July 16 Wall Street open as the market brushed off Mt. Gox Bitcoin movements.
Data from Cointelegraph Markets Pro and TradingView showed Bitcoin (BTC) price strength returning for a fresh trip to $64,000.
Still down overall around 1% since the daily open, BTC/USD nonetheless showed resilience in the face of billions of dollars worth of coins leaving the cold wallet linked to defunct exchange Mt. Gox.
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Author: William Suberg
