Bitcoin Faces Supply Wall as Rally Reaches Key Resistance Level
Bitcoin's surge towards $75,000 is encountering significant resistance due to a surge in supply, even as institutional investment remains steady. The recent price increase has been driven primarily by macroeconomic factors rather than speculative activity, with US-listed spot bitcoin ETFs experiencing consistent inflows. However, as bitcoin approaches the $76,800 mark, a key cost-basis level for …
April 16, 2026, 7:07 a.m.