Technical Analysis:
BITCOIN is retracing towards 59000-59500 zone and we can look for buying opportunities around this zone. Wait for price to give a MSS on 15min TF. We might see price heading towards 66000 zone soon in BTC. We also have FOMC minutes today which might impact prices in crypto.
Fundamentals:
Mt. Gox appears to have transferred about $75.36 million in bitcoin to Bitstamp’s wallet address, which may indicate that another payout to creditors is imminent.
According to data from Arkham, 1264.69 BTC was transferred from Mt. Gox’s cold wallet address “1Jbez…LAPs6” at around 8:49 a.m. UTC to the wallet address “3HXo1…wsuXH.” The blockchain analytics firm identified the latter address as owned by Bitstamp.
According to Arkham's data, the Mt. Gox cold wallet received bitcoin last night from another Mt. Gox wallet, “1MUQE…5SXZZ.” The transaction sent 12,000 BTC ($709.44 million) to an unknown wallet.
Disclaimer: Trading carries risk. Practice effective risk management and consider your risk tolerance before trading.
