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Coincidence? Bitcoin (BTC) rates up after Mark's verdict



  • Bitcoin rates up 1.4 percent from last week's close
  • Mt Gox founder serving the 2.5-year suspended sentence
  • Attendance occupies, BTC may print higher in the future.

Mark is a free man, and despite heavy losses that ordinary investors have to take, a Japanese court remains silent. All in all, it looks as if Bitcoin prices are on a recovery path, and that's what investors want to see.

Bitcoin Price Analysis

Fundamentals

After four years of research, it was time for Mark Karpeles to meet the law. Market for a Japanese court, Mark noted a lesser responsibility for data manipulation and not the confusion of millions of dollars through his exchange, Mt Gox.

According to Mark lawyers, it was not the action of his actions that contributed to the final collapse. They claim that Mark did everything he could to prevent the switch from folding and sometimes using his means to challenge the exchange. Besides, even after the hack, the French became in Japan.

To this end, he will receive a two and a half year suspended sentence. However, should he embarrass some rules by this time, he will be responsible for a four-year prison period. Mt Gox hacking was a costly breach that not only led to a $ 350 million loss when a reported 850,000 BTC was sucked out of circulation but also left a trace of angry investors.

At the time of the hack, Mt Gox was the largest

Candlestick Event

 Bitcoin

Bitcoin (BTC) is currently stable and up 1.4 percent from last week. Due to this expansion and demand for demand, bulls appear to be floating back. The result is therefore a candlestick that confirms the demand for Mar 5.

As seen in previous BTC / USD trading plans, the error in bears was to drive prices lower, the reversal gains from March 5 were bullish from an attempt to score points. 19659008] From price trades, all low prices should be an opportunity to buy, and after that conservative traders should start positions when prices are above $ 4,500, our immediate first goal.

Technical indicators

As we have said before, our anchor bar is February 24 bears with 36k. Although the bulls do not yet reverse these losses, today's bar may spur activity, take demand, the result may be higher prices with high volumes over 7.45k and even 37k by February 18.


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