📢 Just In: German Government Bitcoin (BTC) Holding Now Less Than $1.87
The German government has sold all its nearly 50,000 BTC holdings in a short period. Despite this, Bitcoin's price is recovering, now at $58,700.
Sale Details
Arkham Intelligence reports that the German government sold 49,860 BTC ($2.9 billion) over three weeks. After the final sale, the government wallet received 0.0000321 BTC, worth $1.87.
Bitcoin Recovery
Bitcoin's price has risen by 9.8% since its recent low, reflecting strong market demand.
Technical Analysis
On the 4-hour chart, Bitcoin is approaching resistance at $58,500. Further resistances are at $60,000, $61,400, and potentially $71,400.
Indicators
On the weekly chart, the RSI shows potential for a bull market if it stays above 50. The stochastic RSI indicates positive momentum if it crosses above 25.
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
