Bitcoin Slips Below $79K After $82K Recovery, Bulls Defend $76K Support

Bitcoin slipped below $79,000 on May 15 after a brief recovery above $82,000, as sellers reasserted control while bulls defend $76,000 short-term support amid testing of 20-day EMA at $79,251. The advance originated from $72,521 on March 5, gained momentum post-April's $76,310 close (+11.87%) with $1.97B U.S. spot ETF inflows, shattered $80K-$81K levels, and peaked at $82,436 on May 11 alongside $384M liquidations. Tests of $83K-$85K resistance on May 13 preceded the pullback during $79K-$84K consolidation, with bulls targeting $84K-$92K breakout above rising channel but facing rising wedge risks to $74K-$72K.