*Bitcoin Latest – 24 May 2026*
*Price*: $77,244, up 3.4% in the last 24h. Range today: $74,660 - $77,543 f722
What’s driving it right now
*1. Stuck in consolidation*
BTC is bouncing between *$76K support* and *$78K resistance* for 2 weeks. It’s been rejected at $78K seven times in three weeks. The 200-day moving average at $82,300 is the next big level. 443c46bf
*2. ETF outflows weighing on price*
US spot Bitcoin ETFs saw $2.26B in outflows over 2 weeks, including $1.26B last week alone. That’s the biggest weekly outflow since January. f4a5
*3. Macro relief bid*
BTC dropped to $74,300 early Saturday after Middle East tensions spiked, then bounced to $76,700 after Trump announced a coming peace agreement with Iran. Lower geopolitical risk = less safe-haven premium out of oil, more room for risk assets. 17c6
Technical picture
- *Support*: $76,000 held twice. Lose it and $72K-$75K is next. f54b
- *Resistance*: $77,800-$78,000 is the immediate wall. A close above opens $79K-$82K. 9483
- *Momentum*: RSI ∼48, MACD below zero. Neutral, but sellers have control under $82K. 443c
The bigger view
Some analysts say BTC just ended its longest underperformance vs S&P 500 in history - 142 days. Mark Connors, former Credit Suisse head of portfolio, argues BTC could start outperforming stocks, bonds, and gold again if inflation stays sticky and bonds weaken. f54b
*Bottom line*: BTC is coiling. No breakdown, no breakout yet. Watch $77,800 for a short-term directional cue. A daily close above $82,300 would confirm the bear market structure is broken. 443c
Want me to break this down for a 4H chart or check altcoin rotation?$BTC
#TrumpSaysIranDealLargelyNegotiated #BitcoinRisesOnIranPeaceDeal #FenwickWestSettlesFTXFor54M #ARMABillIntroducedWith20YrLockup $BTC