Bitcoin Defends $78,000 on May 17 as Market Eyes $79,000–$80,000 Breakout

On May 17, bitcoin stayed in a tight consolidation as traders tracked whether support around $77,700–$78,000 could hold after the pullback from the $82,800 peak. BTC hovered above $78,000 with resistance near $79,000, while indicators were mixed across time frames. Reported spot volume was $19.84B, keeping attention on support near $77.4K.