Bhutan: Transfers Another 300 BTC for $19.28M
Bhutan government moves 300 BTC ($19.28M) to new wallet as BTC trades at $64814.67 with bullish EMA structure but overbought RSI on 4h chart.
SourceAnalysis
Bhutan government transferred another 300 BTC ($19.28M) to a fresh wallet, extending its recent distribution streak that began in the past year.
With BTC price at $64814.67 testing upper Bollinger resistance at $64824.43 while RSI(14) hits 71.63 in overbought territory, a healthy retracement to the EMA50 support at $63750.87 looks probable before continuation, even as MACD maintains its golden cross above the EMA200 at $63785.91; traders tracking BTC price prediction models now weigh this sovereign selling against potential crypto market crash scenarios.
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