BITSTAMP rebounded, forming a V shape, and now the price is higher than the price before MT’s shutoff.

I think that MT will soon resume BTC withdrawal. The reasons are as follows:

1. MT’s shutoff is man-made to pave the way for resuming BTC withdrawal. Otherwise, MT price will rise from 100 all the way to 600, exerting a great influence on the overall market; this is not favorable for the market maker.

2. The market maker wants to take over coins inside MT. At $ 100, few people are willing to sell, but people will be pleased to sell at a price closer to the price outside. Moreover, people in MT have been scared out of their wits, they will withdraw their coins and go to other trading centers to sell. Now the price outside MT has reached 600 and is rising, as a result, the later the withdrawal is allowed, the higher the cost of the market maker to buy these coins.

When MT resumes BTC withdrawal, price will go down a bit, but this is good news, not panic, so the decline will be small and won’t last for a long time.

I’ve always believed that price will rise in the following months. When MT solves all the problems, the market will embark its splendid rise in 2014.

Litecoin rebounded strongly, but the price has reached its previous high point which is hard to break.

Doge continued to go down.

 

IFC rebounded strongly, and few people are selling, showing its advantage of few incremental coins.