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Bitcoin price rises above $77,500 but faces strong resistance near $80,000 amid geopolitical risks.

Technical Signals
20 May 2026
Crypto Daily
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Neutral
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Bitcoin's price has started to rise, reaching around $77,500 after days of sideways movement. Key resistance levels at $77,400 and $78,400 must be broken for bulls to gain confidence, with a major breakout above $80,000 needed to confirm a sustained uptrend. Geopolitical tensions between the US and Iran could negatively impact Bitcoin and the stock market, while a peaceful deal might trigger a stronger rally. Investors should watch price action closely in the coming days, especially around the weekend close, as the next few weeks could see significant moves either back toward $66,000 or higher.

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