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Bitcoin tests key $78,600 breakout after losing 3-day 200 SMA, bulls hold 50 SMA support.

Technical Signals
22 May 2026
Coinpaper
View Source
Neutral
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Bitcoin is currently trading near $77,725, testing a critical recovery zone after falling below the 3-day 200 SMA, a level historically linked to deeper declines. Bulls are defending the 50 SMA at around $76,635, which if held, could support a short-term recovery. The next key resistance to watch is $78,600; a breakout above this could lead to further gains toward $82,750 and potentially higher Fibonacci zones. However, the current bounce appears corrective and lacks strong momentum, so failure to break $78,600 may push Bitcoin back toward lower support levels near $74,917 and below.

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