Market ready for bullish move

#Bitcoin get down by German government Yesterday and day before that. There may be any reason, also they want to trap the investors so that they further buy at lowest price.

But the good thing I seen in the market that it was strong and despite that huge selling the market stands very strong.

German almost sell 21K Bitcoin which is no doubt huge amount and that is why the price of BTC went down to $56K.

They may have many plans to buy #Bitcoin at cheaper rates but I don't think so they can trap the investors.

Investors are buying at every price levels because its at discounted rate. I guess the market will soon go bullish and the price will reach quickly $59K.

Maybe today or tomorrow the price of Bitcoin will pump because German govts have end selling their Bitcoin.

The price from this level will gradually increase and you will see a positive momentum in the market.

Currently market is at range bound from $54K to $59K. BTC reaches its lowest range and now time to test upper range.

Its also a good resistance level and breaking down this level will help the price to reach $61K.

What do you people think about Germans selling Bitcoin? Do you think BTC will reach $59K very soon? Will be glad to see your answers in the comment section.

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IMAGE TAKEN FROM CANVA

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