Bitcoin Price Today: BTC Reclaims $77K After Trump News, But Crypto Veteran Warns of 2022 Repeat

Bitcoin price pumped toward $77,000 today after President Donald Trump announced that a peace agreement with Iran had been “largely negotiated,” including reopening the key Strait of Hormuz.

This move came after a few days of dips, with BTC price dipping below $75,000 yesterday. However, $77,100 now acts as resistance, as Bitcoin price got rejected there and is now trading slightly below $77,000.

The rally was amplified by a derivatives reset. Over $289 million in Bitcoin was liquidated in 24 hours (up 35.31% to $76,129.56), with the 7-day RSI at 68.33 – indicating recovering momentum without being overbought.

Bitcoin News Today

BitMEX founder Arthur Hayes said in a May 13 interview that investors need to understand Michael Saylor’s role: he is protecting his own company, not the Bitcoin held by ordinary investors.

Hayes called Saylor a genius in corporate finance, noting that MicroStrategy’s ability to launch related products and derivatives comes from its unique balance sheet and market relationships.

He added that this does not mean Saylor is doing anything wrong; rather, he will do what best serves the company’s shareholders.

Financelot’s Pattern Analysis – Bitcoin Could Drop to $19K by October 2026

Popular analyst Financelot tweeted that BTC price regained $77,000 today but remains in a descending pattern similar to the last cycle in April 2022.

He shared a chart showing historical cycles:

• From 2015 ATH to 2017 ATH (1,064 days)
• 2017 ATH to 2018 ATL (364 days)
• 2018 ATL to 2021 ATH (1,064 days)
• 2021 ATH to 2022 ATL (364 days)

The pattern printed the 2025 ATH on October 6, 2025.

Now, he says if the pattern repeats identically, Bitcoin price should fall again tomorrow before this weekly candlestick is complete. Then the descent will slow over the coming two weeks before beginning a steep drop in June 2026, bottoming around October 2026 at $19,000.

Other Bitcoin news that can affect BTC price: Clarity Act: Senate Recess Pushes Vote to June

Bitcoin Chart analysis

Financelot’s chart shows the repeating 1,064-day bull cycles and 364-day bear cycles.

The 2025 ATH occurred on October 6, 2025, perfectly matching the pattern. After that, the bear market decline began.

The current descending channel from the ATH mirrors the 2022 structure. Price is now testing the upper boundary of that channel near $77K.

If the pattern holds, a rejection here would lead to another leg down, with the final bottom at $19,000 in October 2026.

The chart is compelling but mechanical – market conditions (ETF inflows, CLARITY Act) could disrupt the pattern.

Bitcoin Price Predictions For Next Week (May 25 – May 31)

Bullish scenario

BTC holds above $76,500 and reclaims $77,100 with volume.

The Iran peace deal materializes, easing geopolitical risk.

Next target: $78,500, then the 200-MA near $82K. A close above $78K would invalidate Financelot’s descending pattern.

Bearish scenario

Resistance at $77,100 holds.

Financelot’s pattern plays out – Bitcoin drops to $75,000 by mid-week, then $73,000.

Weak longs from the Iran news get liquidated. A break below $74,500 would confirm the bearish structure.

Likely scenario

Range trading between $75,500 and $77,100.

The Iran news is positive but not a done deal. Traders wait for official confirmation.

The pattern indicates another rejection, but ETF inflows could provide a floor. Expect choppy action with a slight downward bias.

Watch $76,000 as the pivot.

Overall, Bitcoin price surged to $77K on Trump’s Iran peace announcement, but resistance held.

Financelot’s pattern warns of a repeat of 2022 – a drop to $19K by October 2026.

Arthur Hayes reminds us that Saylor protects MicroStrategy, not retail.

For now, the market is caught between geopolitical optimism and a bearish technical pattern. Next week will decide which narrative wins.

FAQs

Why did Bitcoin pump today

Trump announced a “largely negotiated” peace deal with Iran, including reopening the Strait of Hormuz. The news reduced geopolitical risk and triggered a short squeeze.

What does Bitcoin have to do with Iran

Bitcoin often drops on Iran‑related escalation, as seen in the June 2025 Iran‑Israel war where BTC fell 2.4% while Ethereum and Solana dropped 8% and 4.1% respectively

. Iranians also heavily use Bitcoin to store value amid a collapsing rial, political protests, and military strikes; during periods of tension, they accelerate purchases and withdrawals of Bitcoin to secure their savings.

Is 90% of Bitcoin owned by 1%

Not exactly – just 1.94% of wallet addresses control about 92.76% of all Bitcoin, but those addresses include custodians (such as exchanges and the U.S. spot Bitcoin ETFs that hold about 1.31 million BTC) that store coins on behalf of millions of clients. Therefore, actual ownership is less concentrated than raw wallet figures suggest.

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