Bitcoin Fails At Crucial Resistance: Why Is BTC Stuck At $77,000?
Posted On May 20, 2026
Bitcoin (CRYPTO: BTC) trades around $77,000, following $1 billion in outflows last week after a six-week inflow streak.
Bitcoin Failed At 200-Day MA On First Real Macro Shock
Bitcoin popped above $82,000 on the CLARITY Act vote, then reversed hard and now sits below the 200-day moving average at $82,200 after getting rejected five times this month.
Support holds at $76,000-$78,000. Breaking below $75,000 opens up $70,000-$72,000.
The weekend slide toward $77,000 triggered $657 million in liquidations, $584 million from longs.
Meanwhile, Ethereum (CRYPTO: ETH) dropped 10%, continuing to underperform across spot and derivatives. ETH/BTC pressed 0.0275 with funding softer and relative implied volatility elevated.
Institutions Sold …
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