German authorities have completed the sale of their BTC confiscated from the pirate site Movie2k. The “German factor”, which received so much attention, has officially exhausted itself; the German authorities have#BTCworth “as much as” $1.88 left in their crypto wallet.

Thus, in just a week they sold 42,000 BTC, an average of 250 BTC every hour. This entire volume is absorbed by the market.

The BTC rate is reacting positively to the news so far - today there is another attempt to gain a foothold above the EMA of the 200 day TF and the downward trend since June 7.

Based on the MACD on the daily TF, we can already state a bullish crossing of the signal line. And according to RSI on the daily TF - another rebound from the upward trend since June 5, which became support (now the goal for the bulls according to RSI is to break through level 50).

So far the picture is favorable for growth, but we need to wait until the daily candle closes. It will be higher or lower than the EMA 200 of the daily TF.

According to the news background. 

If a new FUD appears in the media in the coming days or if the topic of Mt.Gox payouts with new nuances is intensively promoted, it means that the forces seeking to moderate the market want to bring the price of#BTCbelow the July 5 level ($53,587).

If not, you can at least expect market growth in the short term and bears hunting for liquidity from above, of which a lot has already accumulated (in the case of an increase to $66,000, liquidations of short positions will amount to $8 billion).