Bitcoin Faces Resistance at Key Level as Large Holders Prepare to Sell
The current bitcoin rally is encountering significant resistance as it approaches $75,000, driven primarily by macroeconomic factors rather than speculative activity. U.S.-listed spot bitcoin ETFs have seen steady inflows, including a substantial $240 million in a single session following Middle East geopolitical tensions, according to Enflux. This demand has helped push bitcoin from around $71,0…
April 16, 2026, 7:07 a.m.