Bitcoin bottom is in, but market news still pose threat: Bitfinex

Bitcoin prices rebounded after dropping below $53,219 on July 3rd, reaching a potential local bottom according to the latest edition of the "Bitfinex Alpha" report. The initial price decline was triggered by fears of selling from the German government and Mt. Gox creditors.Market sentiment shifted as traders reassessed the impact of the German government's Bitcoin transfers to exchanges,... source: https://cryptobriefing.com/bitcoin-price-stabilization-signs/