TechFlow news, according to the latest QCP Broadcast analysis, Bitcoin's trading price once dropped to $58,500, touching the 200-day exponential moving average (EMA) and the lower boundary of the range, and has since rebounded to $61,500. As the market absorbs the impact of 140,000 BTC on price, continued selling pressure is expected, especially given that Mt Gox creditors may remain unhedged. QCP suggests buying the dip in the short term, citing potential upside from a possible ETH ETF launch in July.
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