BTC rebounded strongly from 5-month low! 🚀
- BTC increased 1.70% to about $58,885 on July 13.
- The German government sold almost all 70,000 BTC, leaving about 9,100 BTC.
- The USD weakens due to the growing deficit.
- Institutional investors bought when BTC fell, adding more than 10,000 BTC since the beginning of June.
- DXY decreased 0.90% during the week, reaching its lowest level in 5 weeks.
- BTC may have bottomed near $56,700.
What do you think about this recovery? Comment! 💬
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