Bitcoin Slips Toward $77,000 After Rejection at $81,000 Resistance
Key Facts
Amid growing caution regarding near-term momentum, Bitcoin faced a sharp technical rejection at the $81,000 resistance level, leading to a price slip back toward the $77,000 zone. This downward move was accompanied by a significant cooling in Bitcoin network activity as traders adopted a defensive stance due to fragile liquidity and persistent outflows from spot Bitcoin ETFs.
The selling pressure persists as the US Dollar remains robust, bolstered by hawkish rhetoric from Federal Reserve officials. Per market data, global inflationary signals remain mixed, with Canadian CPI at 2.8% (May 19, 2026) and Australia's Services PMI showing contraction at 47.7 points (May 20, 2026), further dampening the appetite for high-risk digital assets.
Looking ahead, Bitcoin is positioned near $77,000 (May 25, 2026), a critical technical floor that traders are watching closely to prevent deeper losses. Upcoming catalysts, including the FOMC Minutes and Japanese trade balance data, will be pivotal in determining whether the market can stage a recovery or if the current bearish rejection will intensify.
Latest Updates · 1
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Update: Geopolitical tensions may ease following a proposal to extend the ceasefire for 60 days to facilitate nuclear talks. Additionally, discussions are reportedly underway to reopen the Strait of Hormuz within 30 days of a final deal between Washington and Tehran, potentially reducing the geopolitical risk premium currently impacting Bitcoin prices.