Bitcoin price retargets $29K after Mt. Gox panic liquidates $320M

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Bitcoin price retargets $29K after Mt. Gox panic liquidates $320M
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The Mt. Gox Bitcoin scare is over, but is the BTC trip to $30,000 as well?

Snap volatility had kicked in following the Wall Street open as bulls’

“Trading the volatility is fine, but stay focussed on the bigger picture. Above $30,000, the targets increase quickly.”that he was “not sure” on short-term price trajectory, but that the destruction of leveraged positions was a “usually a good sign” for market strength.

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