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Bitcoin Price Analysis: The cryptocurrency market extended its correction trend for the first of July as Bitcoin witnessed a massive outflow. Amid the liquidation of the fallen Mt. Gox exchange, the US and German governments, the BTC price fell to a 4-month low of $53,500 on Friday. While the weekends are mostly stable for digital assets, the aforementioned entities could offload more BTC this month, creating a concern of further downfall.
