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Bitcoin nears key 760-day post-halving mark, signaling possible sharp correction and bear market phase.

Technical Signals
17 May 2026
Finbold
View Source
Bearish
pluang ai news

Bitcoin has reached 760 days since its April 2024 halving, a historical signal linked to major market downturns and bear markets after previous halving cycles in 2012, 2016, and 2020. This pattern suggests Bitcoin may be entering a correction phase before eventually forming a long-term bottom around October 2026, aligned with the 0.618 Fibonacci time level. Despite recent price pullbacks from highs near $82,000 to about $78,362, on-chain data shows increasing network activity, which historically signals the end of bearish phases and potential for recovery. Analysts see resistance near $80,000–$83,000, with possible moves to $90,000–$100,000 if momentum strengthens, while support levels lie between $71,000 and $78,500.

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