Bitcoin: Holds Above $76K Despite Bearish 4H Signals | Flash News Detail | Blockchain.News
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5/16/2026 5:14:00 PM

Bitcoin: Holds Above $76K Despite Bearish 4H Signals

Bitcoin: Holds Above $76K Despite Bearish 4H Signals

Bitcoin holds above $76K after 25% rally from lows, showing resilience to rising yields and Middle East war, with ETFs at ATH AUM and CME gap at $79.1K.

Source

Analysis

Bitcoin posted a 25% gain from recent lows even after the Middle East conflict erupted and yields printed fresh highs, proving strength rather than fragility while other assets turn overcrowded.

The loss of the 21-day MA does not force a slide to fresh lows; BTC continues to defend above $76K, a CME gap sits at $79.1K, and the sell-off traces mainly to concentrated dividend-related flows from Strategy rather than any broad momentum shift.

On the 4h chart BTC trades at $78289.72 inside the Bollinger Bands, testing upper resistance at $81783.6 while RSI(14) at 36.22 stays neutral and MACD prints a death cross at -588.16; price therefore eyes a measured retracement to the EMA50 level at $79955.12 before any fresh push higher, with the lower band at $77421.91 acting as immediate structural support.


Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast