#BTC is susceptible to various market demands, and at this stage, relying on technical elements may result in getting burned. As the compensation process for Mt. Gox begins and many are trying to cash out, the outlook for July has become bleak. The support line is likely to be broken more often without providing support. It might be worth seeing 51,000 or 43,000 lines this July.
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#How will BTC perform in July after June's volatility?
#BTC is susceptible to various market demands, and at this stage, relying on technical elements may result in getting burned. As the compensation process for Mt. Gox begins and many are trying to cash out, the outlook for July has become bleak. The support line is likely to be broken more often without providing support.
It might be worth seeing 51,000 or 43,000 lines this July.