The post Analyst Reveals This Event Could Trigger Another Massive Sell-Off for Bitcoin (BTC) appeared first on Coinpedia Fintech News
Bitcoin is currently trading at a gain to start the day. Over the course of the weekend, the price of the token picked up speed and broke through the $17,000 resistance level. At press time, Bitcoin is exhibiting bullish indicators and may proceed to advance toward the resistance level of $18,000. However, there are rumblings that terrible news is on the horizon for the king of cryptocurrencies.
Another Sell-Off Event for BTC?
Nicholas Merten, a cryptocurrency analyst, and influencer, recently warned in the latest video that another significant Bitcoin sell-off might take place very soon. According to Merten, the dormant sell-side pressure that resulted from the Mt. Gox scandal could rear its head and cause Bitcoin to see yet another leg downward.
Mt. Gox was a cryptocurrency exchange that was once responsible for over 70% of Bitcoin transactions. In 201
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