QCP Capital has observed that the usual support level of $60,000 for Bitcoin’s price in the second quarter is now facing new challenges, due to a number of contributing factors. One significant factor is the flow of Bitcoin from Mt. Gox repayments. For those who may not be aware, the bankrupt Mt. Gox exchange will begin repaying its creditors in BTC and Bitcoin Cash (BCH) starting on July 2. This repayment is expected to increase the supply of Bitcoin on exchanges, which could potentially lead to higher volatility. For the latest financial and business news, visit COINTURK FINANCE.
