Has DOJ’s Bitcoin [BTC] movement caused panic among holders?

The transfer of some BTCs by the DOJ seemed to have caused the price of BTC to drop. Despite the mass movement from the DOJ, the Netflow has not reflected irregular activities. Bitcoin [BTC] has been struggling to get past the barrier it has hit lately. Recent action taken by a United States government department […]

The transfer of some BTCs by the DOJ seemed to have caused the price of BTC to drop.[BTC] has been struggling to get past the barrier it has hit lately. Recent action taken by a United States government department has only served to add to this FUD in the most unexpected way. But the question is- To what extent, though, has this had an effect?There was a report that on Wednesday, the U.S.

reported that the Department of Justice made a series of deals totaling $666 million in 2023, substantially double the previous record.price, when viewed on a daily timeframe, had dropped by a total of 2.21%. It was selling at about $21,600 as of this writing, down about 0.40% in the same timeframe.Source: TradingViewA bear trend would be indicated by the RSI falling below the neutral line and even below 36.

had surpassed a total transaction volume of over 40,000. That was one of the busiest days for Bitcoin in recent months.

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