Bitcoin, which was melting under the selling bomb, rebounded slightly thanks to the influx of low-priced buyers.

Bitcoin plunges in the morning due to negative news from Mt. Gox
Low-price purchase tax flows in from daytime... You can barely buy it for around $60,000
Experts have mixed opinions on the direction of Bitcoin price

Bitcoin (BTC), which had plummeted due to 'Mount Goxbal bad news', stopped the plunge and rebounded slightly due to the low price buying force that came in from the morning.

Bitcoin fell about 7% during the day after Mt. Gox announced its official plan on the 24th to begin repaying creditors in Bitcoin and Bitcoin Cash (BCH) in early July. Previously, in May, Mt. Gox transferred approximately 141,686 bitcoins to three wallets.

Bitcoin price, which fell below the $60,000 level at one point during the day due to the aftermath of mass selling, later maintained the $60,350 level throughout the day. In a situation where the sale of Mt. Gox has not been officially confirmed and no negative news has been found to confirm a further decline, Bitcoin has rebounded slightly thanks to the influx of low-price purchases from relieved investors.

As Bitcoin rebounded, altcoins also rebounded. In particular, altcoins, which had a large decline on the 24th, largely made up for the decline of the previous day.

◇Bitcoin = As of 5 p.m. on the 25th, the price of Bitcoin (BTC) is 85.59 million won as of Upbit. Bitcoin market share (dominance) was 54.53%.

After Bitcoin's plunge, experts' opinions were divided about the future price of Bitcoin.

Digital asset market analysis company 10X Research predicted that the price of Bitcoin could fall to $50,000.

The opinion is that Bitcoin's graph has begun to draw a perfect 'double top pattern' and the rapid decline will continue for some time. 10X Research said, “If Bitcoin does not show any movement beyond this chart, Bitcoin could easily fall to $50,000,” and “As the graph has the characteristic of changing complexly with several unusual movements, Bitcoin’s price in the current scenario is “It is predicting a decline,” he explained.

Bitcoin analyst Willie Wu also predicted a further decline in Bitcoin. On the 25th, he posted on his emphasized.

On the other hand, digital asset analyst 'Jelle' predicted that the current graph is a typical Bitcoin half-life graph and that Bitcoin is only bottoming out. He posted a graph of the 2016 halving and wrote, “The current Bitcoin price is similar to what it was after the halving in 2016,” and “Remember that after the halving in 2016, Bitcoin hit a new high.”

Digital asset analyst Ract Capital also predicted Bitcoin's rebound. He explained on his

◇ Rising Coin = As of Upbit at 5 PM on the 25th, the digital asset that recorded the largest increase compared to the previous trading day was Medibloc (MED), which rose by about 30% on this day alone.

MediBloc token is a coin used in a customized medical data platform that collects and provides distributed personal medical information. It increases the security of data through blockchain and utilizes it to enable personalized precision medicine, and provides rewards and compensation for data transactions. It is used as a fee.

◇Fear and Greed Index = The cryptocurrency fear-greed index provided by Alternative has entered the ‘Fear’ stage with 30 points. The fear stage is the stage where price volatility and trading volume increase and the price falls. There is a high possibility of a short-term low forming, so you should be cautious when purchasing.

Reporter Seungwon Kwon ksw@