⛔‼️BREAKING NEWS ‼️⛔
Bitcoin Faces Slow Recovery Amid Market Pressures
LATEST UPDATE
Bitcoin's recovery rate is slower than expected due to increased supply pressure, mainly from the German government's depletion of Bitcoin reserves.
KEY HIGHLIGHTS
German government reduces Bitcoin reserves significantly, now holding only 9,094 Bitcoins worth approximately $521 million.
Bitcoin ETF funds see mixed inflows and outflows, with BlackRock's IBIT ETF fund leading with a significant inflow of $72.1 million.
Bitcoin's price remains below $60,000, facing higher price rejection and a declining daily EMA 200 average.
ANALYST INSIGHT
Bitcoin's slow recovery may continue if the German government's selling pace persists. The cryptocurrency's price is currently trading at $57,329, with an intraday Doji bar seen during Asian market hours.
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