Bitcoin faces downward pressure as Mt. Gox prepares for repayments

Bitcoin faces downward pressure as Mt. Gox prepares for repayments

- News of repayments in Bitcoin and Bitcoin Cash is likely to put additional downward pressure on the two assets. - The metrics and futures data showed that the next week is likely to see more losses. Bitcoin [BTC] was in a tough spot after persistent selling pressure forced prices down from $71.9k on the 6th of June to $61.4k at press time. The $60.5k level was visited just a few hours earlier and came on the back of news …