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2026-05-16 12:36:45

Bitcoin Holds $76K Support as Analysts Split on Next Move, New Highs Still in Sight

Bitcoin holds above $76K support as analysts watch for a possible breakout or deeper correction. Over $700M in liquidations hit the crypto market as Bitcoin and major altcoins lost momentum. Analysts remain split, with some targeting new Bitcoin highs while others warn of weak market structure. Bitcoin is facing growing short-term uncertainty as analysts debate whether the market is preparing for another breakout or losing momentum after weeks of consolidation. The largest cryptocurrency is trading around $78,000, down roughly 3% over the past 24 hours, while altcoins continue to weaken alongside Bitcoin’s sideways movement. Notably, amid the ongoing dip, the crypto market has nearly $700 million in liquidations over the past 24 hours, affecting over 153,500 traders. Source: CoinGlass Michaël van de Poppe on Bitcoin Moves In a tweet, analyst Michaël… Read The Full Article Bitcoin Holds $76K Support as Analysts Split on Next Move, New Highs Still in Sight On Coin Edition .

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