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BTC price taps $58K as vital Bitcoin bull market trendline reemerges

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BTC price taps K as vital Bitcoin bull market trendline reemerges
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Source: Coin Telegraph

Bitcoin shrugs off the latest round of German government onchain transactions, but BTC price resistance trendlines stay out of reach.

Bitcoin (BTC) revisited $58,000 around the July 9 Wall Street open as the German government moved more of its BTC holdings.

Data from Cointelegraph Markets Pro and TradingView showed upward BTC price momentum culminating in daily highs of $58,102 on Bitstamp.

The exchange was one of several involved in the latest round of transactions to and from a wallet belonging to the German state. Both inbound and outbound BTC transactions occurred on the day, the latter involving around 3,000 BTC at the time of writing.

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Author: William Suberg

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