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Bitcoin bottom may be taking shape as selling pressure eases
Bitcoin's (BTC) recent recovery may mark the early stages of a bottoming process as macroeconomic data continues to boost investor confidence, according to a Glassnode report on Wednesday. Bitcoin outperformed both US and European equities following the US CPI inflation report on Tuesday, recovering strongly after weeks of trading sideways near recent lows. The move suggests selling pressure is becoming exhausted while buyers are increasingly waiting for positive macro catalysts. "That sensitivity is the tell. A market this eager to rally on one inflation print is a market where sellers are spent and buyers are ... (full story)
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From financemagnates.com | Jul 16, 2026
This is turning into a better week for the world’s most popular cryptocurrency after Monday’s sharp sell-off. But Bitcoin continues to struggle to generate meaningful momentum. As David Morrison, Senior Market Analyst at Trade Nation, observes, risk appetite has been undermined by the ongoing conflict between the US and Iran, while rising oil prices and ...
From dailyforex.com | Jul 16, 2026
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