Bitcoin Falls Below $78,000 as Analysis Eyes a New Bear Trap

May 16, 2026 - 19:30
Bitcoin Falls Below $78,000 as Analysis Eyes a New Bear Trap
Bitcoin (BTC) circled $78,000 on Saturday after geopolitical headwinds erased most of its May gains. Key points: Bitcoin falls below $78,000 for the first time since the start of May. Oil-supply woes combine with existing nerves over US bond markets, adding to headwinds for risk assets. Support weakness has traders looking at $75,000 and under...

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