May 17, 2026
Bitcoin Faces Heavy Profit-Taking as $82K Resistance Caps Momentum
BitcoinbitcoinBTC Analysiscrypto marketMarket StructureMoving Averagesprice predictionTechnical Analysistrading signals
TLDR: Profit-taking rises toward 17%, signaling stronger distribution near major resistance zones Bitcoin remains capped below EMA200 and SMA200, reinforcing rejection pressure at the $82K region Short-term TD Sequential buy signal appears as selling momentum shows early signs of exhaustion $76,500 support becomes a key level as traders watch for stability after repeated resistance failures [...]
The post Bitcoin Faces Heavy Profit-Taking as $82K Resistance Caps Momentum appeared first on Blockonomi.
Source: Blockonomi →Related News
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