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Bitcoin selling eases as $69K resistance remains key for recovery.

Protocol Fundamentals
16 Jul 2026
Dailycoin
View Source
Bullish
pluang ai news

Bitcoin's long-term holder selling pressure is easing, signaling potential stabilization after months of weakness. A softer U.S. inflation report boosted Bitcoin more than equities, showing changing investor sentiment. However, Bitcoin must surpass the $69,000 resistance level, representing recent buyers' break-even point, to confirm a sustained uptrend. ETF outflows are slowing, but net inflows have yet to return, indicating cautious optimism in the market.

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