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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/mtgox-begins-repayments-bitcoin-rallies" data-wpel-link="internal" rel="noopener noreferrer nofollow">MTGOX Begins Repayments, Bitcoin Rallies</a><br></p>
<p style="text-align: justify">The long-anticipated repayments by MTGOX are now commencing, initially slated for July. <a href="https://en.bitcoinhaber.net/bitcoins-chilling-descent-scenario-by-google-bard" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) has shown promising signs, starting the month on a positive note despite the uncertainties surrounding large-volume sales. This recovery trend could mark the end of BTC’s prolonged weakness, potentially driven by the latest major liquidations.</p>
<h2 id="bitcoin-s-current-performance">Bitcoin’s Current Performance</h2>
<p style="text-align: justify">Bitcoin, which has fluctuated between $56,552 and $73,77 for an extended period, is now on the cusp of a significant breakout. Recently, BTC established a higher low near $58,500, suggesting a possible rally in July if historical trends hold true. CoinGlass <a href="https://newslinker.co/category/ai/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">data</a> indicates that BTC began July positively after a negative June closure.</p>
<h2 id="what-will-mtgox-repayments-bring">What Will MTGOX Repayments Bring?</h2>
<p style="text-align: justify">The MTGOX repayments are expected to be a major factor in July’s cryptocurrency landscape. Investors who acquired BTC a decade ago may see current prices of $60,000 or $50,000 as an opportune moment to sell. As of June 30, BTC had reclaimed $62,500 and was targeting $64,602 at the time of writing.</p>
<h2 id="key-takeaways-for-investors">Key Takeaways for Investors</h2>
<ul>
 <li>Bulls aiming for $66,476 and $72,000 should watch for potential resistance at these levels.</li>
 <li>Significant sell-offs might occur if BTC reaches $64,602, posing risks near $56,552.</li>
 <li>Investors should be aware of psychological support levels at $3,200 and $3,000 for Ethereum (ETH).</li>
 <li>Spot ETH ETF listings are anticipated by mid-July, potentially driving market excitement.</li>
</ul>
<h2 id="conclusion">Conclusion</h2>
<p style="text-align: justify">In summary, the commencement of MTGOX repayments and Bitcoin’s recent positive movement indicate a potentially optimistic period ahead for BTC. However, <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">investors</a> should stay vigilant about market dynamics and possible sell-offs. Ethereum’s forthcoming ETF listings might also play a crucial role in shaping the market’s trajectory.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/mtgox-begins-repayments-bitcoin-rallies" data-wpel-link="internal" rel="noopener noreferrer nofollow">MTGOX Begins Repayments, Bitcoin Rallies</a></h5>

MTGOX Begins Repayments, Bitcoin Rallies

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