Bitcoin Holds $76K-$78K Support as Analysts Split on Next Move

Bitcoin has retreated from its May high near $82,751 and is now consolidating around $78,000 while defending the $76,000 support zone after a sharp 3% daily drop and nearly $700 million in liquidations. The two-week rally from February’s $63,000 lows stalled at the 200-day MA near $82,400 amid heavy profit-taking of 14,600 BTC in a single day, $331 million in liquidations, and selling from Bhutan and Exodus. Institutional ETF inflows topping $1 billion weekly and reduced spot outflows have cushioned the decline, but thin options flow and conflicting analyst forecasts leave the near-term direction uncertain between a retest of $85,000 and deeper correction risks.