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Bitcoin builds strong $60K-$70K support zone amid selling pressure, signaling potential price floor.

Market News
17 Jun 2026
AMBCrypto
View Source
Neutral
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Bitcoin faced heavy outflows from late 2025 to early 2026, then briefly rebounded before resuming a downtrend in May. Despite ongoing selling by long-term holders at a slight loss, data shows a significant support zone forming between $60,000 and $70,000, where 20% of Bitcoin's supply has changed hands. This accumulation by stronger hands may prevent further steep declines. Additionally, declining Bitcoin reserves on exchanges suggest fewer coins are available to sell, which could stabilize prices if sellers return to profit soon.

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