Bitcoin is trading near $77,350 on May 22, 2026. The weekly chart opened at $80,560, sold off through May 16 to 18, hit a low near $76,300 on May 19, then stabilized and started a slow recovery into the weekly close. Down on the week, but the decline rate has slowed significantly compared to the prior two weeks.
The $76,000 floor held again. Third week in a row. That matters.
BTC/USD Chart: $76,000 Confirmed as Triple-Tested Support
$76,000 is now tested three weeks in a row and held all three times. That is a real support zone, not a coincidence. Hold it and the recovery thesis stays alive. Lose it on a daily close and $74,500 is the next floor.
On the upside, $78,000 is the immediate resistance. A daily close above $78,000 opens the path back toward $80,000, the level that needs to be reclaimed to reset sentiment.
What Drove This Week
US spot Bitcoin ETFs recorded $635M in net outflows on May 13, the largest single-day withdrawal since January. PPI inflation rose 1.4% in April, pushing rate-cut expectations further out. The 200-day MA at $82,270 rejected price for the seventh time this month. Approximately $78M in BTC long liquidations followed.
The defensive bid at $76,000 has come from the same buyers who showed up at this level twice before: Strategy’s average cost is $75,537, just below current floor, creating a natural accumulation zone.
PCE inflation data lands today. Soft print stabilizes the chart. Hot print tests $76,000 a fourth time.
Key Levels
Support: $76,000 (triple-tested) / $75,537 (Strategy avg) / $74,500 Resistance: $78,000 / $80,000 / $82,270 (200-day MA)
Bottom Line
BTC recovered to $77,350 after the $76,000 floor held for the third straight week. Hold the floor and the stabilization continues. Lose it and $74,500 opens up.
Cautiously neutral. PCE today decides which way.
Frequently Asked Questions
What is the Bitcoin price today?
Bitcoin is trading at $77,350 as of May 22, 2026.
What is the next key support level for Bitcoin?
$76,000 has been tested three weeks in a row and held each time. Below that, $74,500 is the next floor.
What is the 200-day moving average for Bitcoin?
The 200-day MA is at $82,270 and has rejected price seven times in May.
Will Bitcoin reach $80,000 again?
A daily close above $78,000 is the first step. $80,000 reclaim resets the broader sentiment.
Related Reading
- Bitcoin Price Today: BTC at $77,852 – May 21, 2026
- XRP Price Today: XRP at $1.37 – May 21, 2026
- Ethereum Price Today: ETH at $2,128 – May 20, 2026
This article is for informational purposes only and does not constitute financial advice.
