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 <li>After intense sell-offs, Germany’s wallet now holds only 6,146 BTC, easing selling pressure.</li>
 <li>The end of the sell-off allowed Bitcoin to climb back above the daily 200 EMA at $58,112.</li>
 <li>Altcoins recover as Germany’s sell-off ends, signaling fresh energy in the crypto market.</li>
</ul>
<p><a href="https://cryptonewsland.com/btc-bulls-expected-to-revisit-67000-levels-is-bitcoin-poised-for-a-massive-rally/" rel="noopener noreferrer nofollow">Bitcoin has </a><a href="https://cryptonewsland.com/btc-bulls-expected-to-revisit-67000-levels-is-bitcoin-poised-for-a-massive-rally/" target="_blank" rel="noopener noreferrer nofollow">rebounded</a>, recapturing the daily 200-day Exponential Moving Average (EMA). This recovery comes after significant sell-offs from the German government’s wallet.&nbsp;</p>
<p>On July 13, reports confirmed that Germany’s massive Bitcoin dump ended, leaving its wallet with only 6,146 BTC. This development has brought a sense of relief to the crypto market.</p>
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   <p lang="en" dir="ltr">So far <a href="https://twitter.com/hashtag/bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoin</a> is trying to recapture the daily 200 ema. <br><br>If yall haven’t figured it out yet….<br><br>Germany has nothing left to sell. <br><br>THATS A BULLISH SIGNAL IF YA ASK ME! <a href="https://t.co/oqVhS97goc" rel="noopener noreferrer nofollow">pic.twitter.com/oqVhS97goc</a></p>— Cryptoinsomniac (@Cryptoinsomiac) <a href="https://twitter.com/Cryptoinsomiac/status/1812107820956819520?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 13, 2024</a>
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<h2 class="wp-block-heading" id="h-germany-s-btc-sell-off">Germany’s BTC Sell-off</h2>
<p>The <a href="https://cryptonewsland.com/german-government-continues-bitcoin-selloff-amid-market-tensions/" rel="noopener noreferrer nofollow">German </a><a href="https://cryptonewsland.com/german-government-continues-bitcoin-selloff-amid-market-tensions/" target="_blank" rel="noopener noreferrer nofollow">government’s</a><a href="https://cryptonewsland.com/german-government-continues-bitcoin-selloff-amid-market-tensions/" rel="noopener noreferrer nofollow"> sell-off</a> began earlier this year aiming to liquidate a portion of its Bitcoin holdings. This caused market jitters and put downward pressure on Bitcoin’s price.&nbsp;</p>
<p>As the dumping progressed, Bitcoin struggled to maintain key support levels. The price dipped below crucial moving averages, triggering concerns among investors.</p>
<p>However, the end of the sell-off marks a turning point. With the selling pressure subsiding, <a href="https://bitcoin.org/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> has climbed back above the daily 200 EMA, at around $58,112.&nbsp;</p>
<p>Market analysts attribute this bounce to the reduced selling pressure. As Germany’s dumping ended, buyers stepped in, eager to capitalize on lower prices.&nbsp;</p>
<p>The decreased supply of BTC on the market helped stabilize the price. This resurgence has renewed optimism among crypto enthusiasts.</p>
<h2 class="wp-block-heading" id="h-bitcoin-s-future-prospects-nbsp">Bitcoin’s Future Prospects&nbsp;</h2>
<p>Looking ahead, analysts are cautiously optimistic. Cryproinsomiac, a crypto analyst, suggests that next key targets to watch are $60K and $64K. Breaching these resistance levels would fuel a bullish outlook.&nbsp;</p>
<p>The broader crypto market also reacted positively. Altcoins showed signs of recovery, following Bitcoin’s lead. The end of the German sell-off has injected fresh energy into the market. Investors are now watching for signs of a sustained rally.</p>
<p>Germany’s decision to offload a portion of its Bitcoin holdings reflects a broader trend. Governments and institutions are increasingly involved in the crypto market.&nbsp;</p>
<p>Their actions can significantly influence prices and market sentiment. This highlights the growing interplay between <a href="https://www.binance.com/en/square/post/171701" rel="noopener noreferrer nofollow">traditional </a><a href="https://www.binance.com/en/square/post/171701" target="_blank" rel="noopener noreferrer nofollow">financial</a><a href="https://www.binance.com/en/square/post/171701" rel="noopener noreferrer nofollow"> systems</a> and the crypto world.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/last-of-germanys-bitcoin-sell-off/" rel="noopener noreferrer nofollow">Last of Germany’s Bitcoin Sell Off Could Usher the End of the BTC FUD Dumping, Bull Run Awakens</a></li>
 <li><a href="https://cryptonewsland.com/germanys-bitcoin-reserves-drop-to-9k-after-massive-sell-off/" rel="noopener noreferrer nofollow">Germany’s Bitcoin Reserves Drop to 9K After Massive Sell-Off</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-advocate-joana-cotar-challenges-germanys-economic-strategy/" rel="noopener noreferrer nofollow">Bitcoin Advocate Joana Cotar Challenges Germany’s Economic Strategy</a></li>
 <li><a href="https://cryptonewsland.com/germanys-top-savings-bank-to-offer-bitcoin-to-clients/" rel="noopener noreferrer nofollow">Germany’s Top Savings Bank to Offer Bitcoin to Clients</a></li>
 <li><a href="https://cryptonewsland.com/another-massive-bitcoin-transfer-from-germanys-government-puts-crypto-traders-and-investors-on-edge/" rel="noopener noreferrer nofollow">Another Massive Bitcoin Transfer From Germany’s Government Puts Crypto Traders and Investors on Edge</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/btc-recaptures-the-daily-200-ema/" rel="noopener noreferrer nofollow">BTC Recaptures the Daily 200 EMA As Germany’s Massive Dumping Ends</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

BTC Recaptures the Daily 200 EMA As Germany’s Massive Dumping Ends

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