Bitcoin (BTC) stabilized around the $57,000 mark this week, while the German Government persists in transferring Bitcoin to exchanges.
The German Government continues moving Bitcoin to exchanges. US spot Bitcoin ETFs registered inflows this week. On-chain data suggest whales are accumulating BTC at dips. Bitcoin stabilized around the $57,000 mark this week, while the German Government persists in transferring Bitcoin to exchanges. Concurrently, US spot Bitcoin ETFs have recorded inflows. On-chain analytics indicate that whales are accumulating BTC during dips, potentially foreshadowing an imminent rally in the days ahead.
pic.twitter.com/F2mwECVMTW — The Bitcoin Conference July 10, 2024 Is BTC out of the woods? Bitcoin has encountered a barrier near the $58,375 weekly resistance throughout this week. As of Friday, BTC is trading at $57,116, showing a slight decline of 0.3% on a daily basis. Furthermore, BTC is below a descending trendline formed by connecting multiple swing highs from early June to mid-July.
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