Bitcoin price experiencing short term turbulences as Germany sells, Mt Gox distributes and planet Venus enters into Cancer

On Thursday July 4th after Venus had passed His exact trine to vakri Saturn in the sky, the German government transfered 1300 bitcoins onto exchanges. The German government still hold 40,359 bitcoins according to a WuBlockchain article. Bitcoin price was also falling as a result of the same Venus transit. Venus Who transited second from Moon was close to entering into the sign of Cancer. The second position relates to liquidity and Cancer is generally speaking an unstable sign for Venus. 

At this same time the Japanese exchange Mt Gox started moving bitcoin because it will be repaying its creditors. Even though they are repaying creditors in-kind, people don’t know how much of the bitcoin will be sold off by its creditors once they receive it. Mt Gox declared bankruptcy in  February of 2014 because they realized that 744,408 bitcoins had apparently been gradually stolen from their hot wallet beginning three years earlier in 2011.

Nobody knows how the German government’s plans or the decisions of Mt Gox creditors will actually affect bitcoin price. This combined with Venus’s sojourn into Cancer leaves room for a lot of fake-out moves and price drops up until Sun enters Cancer, specifically for bitcoin. At this moment a lot of clarity will arrive regarding both of these factors.

It’s possible that this clarity can arrive as early as Thursday July 11th when Sun reaches trine to Saturn in the sky. However, I See another further price loss is likely up until Wednesday July 17th mid-day UTC, which is when I See Sun’s entrance into Cancer generating something quite special, related to the actions of administrators and CEOs, and to an unexpected result related to the German government and to Mt Gox creditors.