Bitcoin Could Fall to $50,000

🔶 Traders are expecting Bitcoin’s price to drop to $50,000 in the near future. This could be influenced by sales of cryptocurrency by Mt. Gox users and potential pressure from sellers.

🔶 Additionally, Bitcoin’s price has been impacted by the actions of the Federal Criminal Police Office of Germany (BKA). Traders suggest that BKA’s actions imply an intention to sell assets confiscated in 2013 from the darknet market.

🔶 Over the past 24 hours, long positions on the cryptocurrency worth over $550 million have been liquidated.