Bitcoin Holds $76K Support as Analysts Split on Next Move
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 Bitcoins 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. Michaël van de Poppe on Bitcoin Moves In a tweet, analyst Michaël van de Poppe said Bitcoin is still holding above a key support level despite recent market weakness. According to van de Poppe, none of Bitcoins major support zones have been lost yet. The analyst is specifically watching the $76,000 level as a critical area for bulls to defend. He noted that if momentum returns next week, the market could present strong short-term opportunities for traders and investors. However, the analyst also warned that caution is necessary because an important market