Bitcoin (BTC) Bulls Fail Again After U.S. CPI Surprises Market, What Next?

The supply overhang from Germany’s Saxony state, which catalyzed the price drop early this month, is nearly running dry. Besides, it remains uncertain what percentage of the 95,000 BTC, which represents a portion of the total 140,000 BTC scheduled to be distributed to Mt. Gox’s creditors, will be liquidated.