Is The Massive Bitcoin Sell-Off Finally Over?

Bitcoin has been battling to escape the red line in recent weeks due to sell-offs and dumps, but some industry experts believe it's finally put the sell-off period behind it. (Credit: AFP)

KEY POINTS

• VanEck's Matthew Sigel said the 'forced selling' season is now 'behind' Bitcoin
• BitVaulty's CEO said gold's spike is indicative of Bitcoin's upward movement
• The German and U.S. government's sell-offs and MtGox payouts hit $BTC prices in the past weeks

Bitcoin has been struggling in recent weeks following massive sell-offs by the German government that triggered a ripple effect among other long-term $BTC holders. However, an industry expert believes the huge dumps are now "behind us," and the buying season is kicking off again.