7/12/2024

Yesterday Bitcoin saw another strong rejection above $59k (DM VAH) and another daily close below $58.2k (Daily EMA200.) The German Government is almost out of BTC, so the selling pressure should reduce from that direction soon. We also have the US Dollar showing weakness, so this is a catalyst for a bounce soon.

For i am in no rush. I have my limit set for lower and will watch price action develop.