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