Bitcoin (BTC) showed no sign of breaking the $60,000 resistance on November 23 when the ghost of deserted Mount Gox returned to haunt the pricing drive.
1 hour BTC/USD light chart (bit print). Source: TradingView
Makes Mt. Gox Payment of Unpaid Payments
Data from Cointelegraph Markets Pro and TradingView showed that BTC/USD reversed its advance once again, reaching a local high above $59,500 on Monday.
The $55,000 refund came as recent events around the Mount Gox rehabilitation process, originally published on November 16, began making their way to the media.
In a statement, custodian Nobuaki Kobayashi confirmed that the plans are now “final and binding,” which means 141k bitcoins in custody will soon be distributed.
“The rehabilitation trustee will then make payments to the rehabilitation lenders who have resolved rehabilitation claims under the rehabilitation plan,” she said.
“Rehabilitation lenders will be notified of the details of specific timelines, procedures, and the amount of these repayments.”
Although the details of Mt. The Gox has been around for a long time, and it looks like the already shaky markets doubled their positions on Tuesday and the sentiment went even further.
According to the Crypto Fear & Greed Index, “neutral” sentiment just a day ago has now returned to the “fear” territory, at 33/100 at the time of writing.
The Fear and Greed Index of Cryptography. Source: Alternative.me
Business as usual with monthly draws
Downsizing, famous trader and analyst Rekt Capital noted that Bitcoin behaves quite soundly on the monthly time frames.
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After the highest monthly close in October, the retest of the previous 2021 monthly support level continues.
As in previous downturns, it seemed that major investors in the stock markets were investing and even trying to accelerate new profits.
As Charles Edwards, CEO of Asset Manager Capriole pointed out, customer support levels are on the rise due to Bitcoin shortfalls.
“Bitfinex whales are raising their prices again,” he said, along with a chart for the platform showing $54,000 as a new target instead of $50,000.