Mt Gox is ALREADY SOLVENT paid their 28% fiat. However, the attempt to pressure Mt Gox to give more, will force Mt Gox to dump the rest of the "claimed unsold" 166K at the BOTTOM and buy back, when they already sold much higher. At the END Mt Gox will buy BTC at 55 USD or less.
(Chart Tickmill)
Bitcoin testing major support, potential for a bounce! Bitcoin is now testing major support at 9032 ( Fibonacci retracement , horizontal overlap support) and a strong bounce could occur at this level to push price all the way up to major resistance at 1172.
☆What do you think ? Let us know in the comment!
