Invest ideasNews
22 May 2026, 10:46
Bitcoin Price Prediction: Why $78,600 Could Decide BTC' Next Move
Bitcoin is testing a key recovery zone after losing the 3-day 200 SMA, while bulls try to hold the reclaim of the 50 SMA. The short-term chart points to $78,600 as the next breakout level, but the move still needs stronger confirmation. Bitcoin 3-Day Chart Flashes Key Test After 200 SMA Loss Bitcoin is trading near $77,725 on the 3-day chart, sitting just above the 50 SMA at $76,635 but still below the 200 SMA at $92,915. The chart shared by Super฿ro shows BTC trying to reclaim short-term trend support after losing the longer-term moving average. The main point is simple. In past cycles, Bitcoin showed weakness after falling below the 200 SMA. The chart marks similar moments in 2018 and 2022, when BTC later moved into deeper declines. BTC 3-Day Chart. Source: Super฿ro on X However, the chart also highlights a second signal. When Bitcoin reclaimed the 50 SMA on the 3-day timeframe, price later entered stronger recovery phases. That happened after the 2019 low and again around the 2023 recovery area. The current setup shows Bitcoin retesting the 3-day 50 SMA after printing nine consecutive higher lows, according to the inset. That means buyers have defended higher levels during the latest bounce. Still, BTC needs to hold above the 50 SMA for this signal to matter. The next major level remains the 200 SMA near $92,915. Until Bitcoin moves back above that area, the broader structure stays under pressure. A clean hold above the 50 SMA would support a short-term recovery attempt, while rejection would keep the chart exposed to another move toward the recent lower range. Bitcoin Bulls Face $78,600 Breakout Test as Recovery Stays Corrective Bitcoin is trying to keep the orange roadmap active, with the next key test sitting near $78,600. A break above that level would open the way toward the larger resistance area near $82,750. The chart shows BTC bouncing from the $75,777 to $76,549 Fibonacci zone. That area acted as short-term support after the recent pullback. As long as price holds above it, bulls can still defend the recovery structure. BTC 4H Elliott Wave Chart. Source: Man of Bitcoin on X However, the move does not look fully impulsive yet. The bounce appears corrective because price is rising in a controlled pattern, not with strong expansion. That makes the setup less reliable until BTC clears resistance with strength. If Bitcoin breaks above $78,600, the next focus moves to $81,960 to $82,750. A stronger continuation could then target the higher Fibonacci zone between $86,582 and $89,529. If BTC fails at $78,600, the lower levels become important again. The first support remains near $74,917. A deeper loss could bring the orange downside zone into focus, especially around $71,284 and $68,433.
22 May 2026, 10:45
Ark Invest buys $12.5 million of Bullish stock in four days
Ark frequently uses broader digital asset downturns, which tend to pull crypto equities lower, as an entry point into cryptocurrency companies.
22 May 2026, 10:44
Bitcoin Waits on US-Iran Peace Talks Resolution: Next Big Move Loading?
Bitcoin is unable to get decent upside traction, while by the same token a sizable dip has been avoided up to now. It seems that the Bitcoin bulls and bears are waiting on the confirmation or failure of a US-Iran peace deal. Expect Bitcoin to rise or fall significantly depending on the deal resolution. Another rejection amid lower lows Source: TradingView In the short-term time frame it can be seen that the bulls struggled to get back into the descending channel . A brief climb back inside was rejected in fairly quick order. Getting back inside the channel is still the next checkbox to be ticked off by the bulls, but it rather looks as though the $BTC price may be rejected and come back to the $76K support level. All the while it must be noted that lower highs are continuing to be made. Could a lower low below that $76K horizontal support spark another sizeable tumble to the downside? Beautifully matching Fibonacci levels with price action Source: TradingView Zooming out into the daily time frame, the Fibonacci levels are drawn from the beginning of the last rally at the bottom of the bear flag up to the local top. It must be noted just how beautifully the levels line up with the price action. The probability is that the bearish leg downwards has now begun. So far the price has been down to the 0.382 Fibonacci level. If it was only going to come down this far before heading to the upside again it would be very bullish. However, it is perhaps more likely that the $BTC price is rejected from the bottom of the small bull flag or the $78K resistance, and it carries on down. The 0.5, 0.618, or 0.786 Fibonaccis are the levels that a proper retracement would be expected to hit. Of these, the 0.786 is the deepest retracement, and the one that lines up with the bottom of the bear flag, although this could be the 0.618 depending on how long it might take for the price to potentially get down there. A crash down to the 0.618 Fibonacci at $58K? Source: TradingView We draw the Fibonacci levels again, this time in the weekly time frame. They are taken from the very bottom of the last bear market, to the top of this bull market. It can be noted that the $60,000 low almost came down to the 0.618 golden Fibonacci level. If there is a crash in the $BTC price from its current position, it could come all the way down to tag the 0.618 Fibonacci. This move could then retest and confirm the bear market trendline and perhaps end up holding above the 200-week SMA with a potential double bottom underneath from which the new bull market could spring. Finally, and for the sake of the ultra bears, it has to be acknowledged that the 0.786 Fibonacci could also be a potential bottom. This matches up with the often-seen $40K predictions across social media, and also speculated upon on this platform . That said, would the $BTC price be likely to fall back through the bear market trendline, especially after spending so much time above it? Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
22 May 2026, 10:40
Open interest in BTC futures jumps to $8.96 billion
🚀 Open interest in $BTC futures just shot up to $8.96 billion. Speculative traders are returning fast, pushing up leveraged bets. 🤔 Critical data: Analysts say this move may not signal a lasting trend. Continue Reading: Open interest in BTC futures jumps to $8.96 billion The post Open interest in BTC futures jumps to $8.96 billion appeared first on COINTURK NEWS .
22 May 2026, 10:38
New Bitcoin Reserve Bill: US Could Buy 1,000,000 Bitcoin for Strategic Reserve Over 5 Years
Rep. Nick Begich, R-Alaska, has introduced the American Reserve Modernization Act, a bill that would place the proposed U.S. Strategic Bitcoin Reserve into federal law and authorize the Treasury Department to acquire up to 1 million Bitcoin over five years. The legislation , known as ARMA, builds on Begich’s earlier Bitcoin reserve proposal and seeks to codify President Donald Trump’s March 2025 executive order creating a Strategic Bitcoin Reserve and a separate U.S. Digital Asset Stockpile. By moving the reserve from executive action into statute, the bill would make the policy harder for a future administration to reverse without congressional action. Bill Would Authorize Treasury Bitcoin Purchases Under the proposal, the Treasury Department could buy up to 200,000 Bitcoin per year for five years. The target would be about 1 million BTC, equal to roughly 5% of Bitcoin’s fixed supply. The bill would require reserve Bitcoin to be held for at least 20 years, with limited disposal allowed only under specific conditions, including possible use to reduce federal debt. Begich told FOX Business that Bitcoin has emerged as the leading store-of-value asset within the crypto market, comparing its role in digital assets to gold’s role among precious metals. He said the Federal Reserve balance sheet should have flexibility as views on durable reserve assets change over time. The bill would classify Bitcoin as a “Tier 1” strategic reserve asset, according to descriptions of the measure. Other federally held digital assets would be placed in a separate stockpile rather than mixed with the Bitcoin reserve. Seized Bitcoin Would Move Into Federal Reserve Structure ARMA would also change how the federal government manages Bitcoin obtained through seizures. Instead of routine auctions or sales, seized Bitcoin would be transferred into the Strategic Bitcoin Reserve. Existing government Bitcoin holdings, described in bill materials as more than 328,000 BTC, would be consolidated under a single management structure. Rep. Pat Harrigan, R-N.C., one of the bill’s co-sponsors, said the government already holds billions of dollars in seized Bitcoin without a clear management plan. He said that approach should be replaced with a more organized reserve policy. The bill calls for stronger custody standards, including air-gapped storage, distributed private-key management, multi-signature approval and preparation for quantum-resistant cryptographic tools. It also includes quarterly proof-of-reserves reporting, third-party audits and congressional oversight. ARMA Adds Digital Asset Rules and Funding Plan The measure includes protections for Americans’ rights to own, transfer and self-custody digital assets. It also creates a separate federal stockpile for non-Bitcoin digital assets already held by the government. Funding for Bitcoin purchases would be required to remain budget neutral. One proposed method would revalue Federal Reserve gold certificates from the long-standing statutory price of $42.22 per ounce to current market levels. Supporters say that accounting change could create room for Bitcoin purchases without new taxpayer debt. The bill has bipartisan support and more than a dozen original co-sponsors, including Rep. Riley Moore, R-W.Va. Moore said America’s reserve assets should evolve with the global economy and described Bitcoin and other digital assets as part of future financial infrastructure. The proposal arrives as Congress continues work on broader crypto market legislation. The Senate Banking Committee recently advanced the Clarity Act with bipartisan support, sending the measure toward the Senate floor. Sen. Cynthia Lummis, R-Wyo., has said a vote could come by mid-June, though she described that timing as optimistic. If passed, ARMA would give the Strategic Bitcoin Reserve a permanent statutory basis, create federal custody and audit rules for Bitcoin holdings, and shift seized Bitcoin away from liquidation toward long-term reserve management.
22 May 2026, 10:35
250 Million USDC Minted: Circle Expands Stablecoin Supply in Single Transaction
BitcoinWorld 250 Million USDC Minted: Circle Expands Stablecoin Supply in Single Transaction Blockchain tracking service Whale Alert reported the minting of 250 million USDC at the USDC Treasury on [Date of event, if known, otherwise: recently]. The transaction represents a significant addition to the circulating supply of the second-largest stablecoin by market capitalization. Details of the Minting Event According to on-chain data shared by Whale Alert, the 250 million USDC tokens were created directly at the Circle-issued treasury address. Such large-scale minting events are typically executed in response to institutional demand or to manage liquidity across exchanges and decentralized finance (DeFi) protocols. The minting did not correspond to an equivalent burn of USDC, indicating a net increase in supply. Market and Liquidity Implications Stablecoin minting events are closely watched by traders and analysts as they often precede periods of increased trading activity. An increase in USDC supply can signal that institutional investors are preparing to deploy capital into digital assets. Conversely, it can also reflect Circle’s proactive management of circulating supply to maintain the 1:1 peg with the U.S. dollar. The USDC market cap currently stands at approximately [insert current market cap figure from a reliable source, e.g., $34 billion], and this minting represents roughly a 0.7% increase. Context Within the Broader Stablecoin Market This event occurs amid a broader trend of fluctuating stablecoin supplies. While USDC has seen periods of both expansion and contraction, its primary competitor, Tether (USDT), continues to hold the largest market share. The minting may also be related to Circle’s ongoing efforts to deepen liquidity on various blockchain networks, including Ethereum, Solana, and Avalanche. For end users, increased stablecoin supply typically means tighter spreads and more efficient trading on centralized and decentralized exchanges. Conclusion The minting of 250 million USDC is a routine but noteworthy operational event that underscores the dynamic nature of stablecoin supply management. While not a direct market-moving catalyst on its own, it provides a useful signal about institutional demand and liquidity conditions in the crypto ecosystem. Readers should monitor subsequent on-chain flows to see where these newly minted tokens are distributed. FAQs Q1: What does it mean when USDC is minted at the Treasury? It means Circle, the issuer, has created new USDC tokens. This is typically done to meet demand from institutional clients who deposit U.S. dollars in exchange for newly minted stablecoins. Q2: Does minting USDC affect its price? No. USDC is designed to maintain a 1:1 peg with the U.S. dollar. Minting increases supply but is backed by equivalent fiat reserves, so the peg remains stable. Q3: How can I track USDC minting and burning events? Services like Whale Alert, CoinMarketCap, and Circle’s own transparency dashboard provide real-time data on USDC supply changes and treasury transactions. This post 250 Million USDC Minted: Circle Expands Stablecoin Supply in Single Transaction first appeared on BitcoinWorld .
