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Boxcorrer
@boxcorrer
Where will we see the price of BTC once governments start selling theirs? The US government has many different confiscated crypto assets on its balance sheet. Their current value is $13.429 billion. Three hours ago they sent 3,940 BTC (about $240,000,000) to #Coinbase. The amount is quite large and we see that Bitcoin is falling. At the same time, support at $60,600 is still strong. Buying activity is visible. Downward pressure is also possible, but such activity from the bulls indicates demand at these levels. The German government also continues to send #BTC to exchanges, but in much smaller amounts. I think that #Bitcoin will remain in the range of $59,200-$62,500 until the release of important data in the US tomorrow.
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