$BTC TO THE MOON 🚀⁉️
The price of Bitcoin ($BTC ) soared again, reaching levels above US$ 63,000. One of the main drivers was the German Government's decision to end the massive Bitcoin sell-off that began on June 19, 2024.
Christopher Tahir, Co-founder of CryptoWatch and Manager of Duit Pintar Channel, stated that the total sales of Bitcoin by the German Government are estimated at around US$ 3 billion, with a peak value of more than US$ 3.5 billion.
Based on data from CoinmarketCap, the price of BTC rose 4.22% to US$ 62,769 on Monday (15/7) at 16.15 WIB. Over the past week, the price of Bitcoin increased by 8.18%.
Christopher also mentioned that the failed assassination attempt on former President Donald Trump also influenced market sentiment. According to him, if Trump is re-elected as President, there is a possibility that the crypto ecosystem in the US will develop again.
Christopher predicts that the current Bitcoin price increase will only be short-term. However, if the price remains above US$ 60,000 for a longer time, there is a chance of a further price increase to the level of US$ 73,000 in the medium term.
Nonetheless, investors should remain alert to the possibility of sudden trend reversals, as crypto market fluctuations can be rapid and unpredictable.