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Bitcoin Price Prediction: Saylor Calls It a Spring Phase as BTC ETFs Bleed $2.15B in Two Weeks


Bitcoin Price Prediction: Saylor Calls It a Spring Phase as BTC ETFs Bleed $2.15B in Two Weeks

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Bitcoin trades at $77,208 on May 22 after spot BTC ETFs recorded $1.15B in weekly outflows through May 21 and about $2.15B over two weeks, marking a second straight week above $1B of exits. Technically BTC sits below all four EMAs, lost the 0.618 Fib at $79,249 with the 0.5 Fib at $75,574 and fair value gap support zones between $67,500 and $72,500, signaling short-term downside risk for crypto, DeFi and token markets. MicroStrategy CEO Michael Saylor reiterated bullish adoption forecasts, calling a spring phase, saying BTC bottomed at $60,000 and predicting 30% annual outperformance versus the S&P 500, but ETF outflows and EMA weakness temper near-term price upside.

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  • BTC spot ETFs bled $1.15B in weekly outflows through May 21 with Friday still uncounted, marking the second straight week above $1B in exits
  • Saylor told CNBC he expects Bitcoin to outperform the S&P 500 at 30% annually, called current levels a spring phase, and said BTC bottomed at $60,000
  • Price sits below all four EMAs at $77,208 with the 0.5 Fib at $75,574 as the next support and three FVG zones stacking between $67,500 and $72,500

Bitcoin trades at $77,208 on May 22, sitting below all four EMAs as spot ETFs record their second straight week above $1B in outflows, while Saylor told CNBC the market bottomed at $60,000 and is entering a spring phase.

Bitcoin Price Analysis: EMA Cluster Overhead, FVGs Below

Bitcoin Daily Price Action (Source: TradingView)

BTC lost the 0.618 Fib at $79,249 and the ascending channel from the April lows. The 20 EMA at $78,274, 50…

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