Bitcoin price risks a potential fall below $60,000, due to Mt. Gox repayments and Germany's government selling its 50,000 BTC.
Bitcoin could be headed into a month-long correction, as newfound selling pressure from Mt. Gox and the German government threaten to tank Bitcoin price below the $60,000 psychological mark.
Before resuming its price rally, Bitcoin (BTC) could see a correction of up to four weeks, according to popular Bitcoin analyst Willy Woo.
The analyst wrote in a June 22 X post to his over 1.1 million followers:
