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Bitcoin shows early signs of recovery as selling pressure eases, says Glassnode analysis.

Technical Signals
16 Jul 2026
Cointribune
View Source
Bullish
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Glassnode's recent analysis highlights a key on-chain indicator showing that Bitcoin investors who bought 1-2 years ago are stabilizing their realized losses, suggesting a potential easing of selling pressure. This pattern, observed during past bear markets, could signal the start of a market bottom and momentum shift. However, confirmation depends on Bitcoin breaking the critical $69,000 resistance level, which represents a major test for recovery. Analysts will watch the coming weeks closely to see if these early signs lead to a sustained trend change.

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