Bitcoin (BTC) Prices Hold Steady at $58.5K as Saxony Moves Another $300M in BTC

“The market seems to be growing more comfortable with the outflows from Mt. Gox and the German government. The spot Bitcoin ETFs are now seeing strong inflows again, indicating signs of a trend reversal. This is further supported by the RSI, which shows that the undersold level we highlighted a few days ago was seen as an opportunity by investors,” Valentin Fournier, analyst at BRN, said in an email.