Bitcoin continues to move inside a larger corrective structure following the 2025 high, and in this video we take a detailed look at the higher timeframe Elliott Wave outlook for the remainder of 2026.
The main focus is whether Bitcoin already completed a larger 5-wave advance from the 2022 lows and is now unfolding a larger ABC correction before the next major rally begins. We also discuss the possibility of another temporary push higher, why the current rally still looks corrective overall, and what support/resistance levels matter most right now.
As of May 22, 2026, Bitcoin (BTC) is trading near $77,450, consolidating within a flat weekly range following a choppy liquidation wave earlier in the week.
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Bitcoin BTC Price News & Insights Today 22-5-2026 - Technical analysis of BTC, on market structure, key support and resistance zones. Video by More #Crypto Online.
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Bitcoin Insights Today
-ETF Outflows Weigh Heavily: Institutional demand continues to show signs of temporary exhaustion. Data from SoSoValue indicates that spot Bitcoin ETFs recorded over $1.15 billion in net outflows through Thursday, capping short-term upward momentum.
-Macro Headwinds & Federal Reserve Caps: Crypto asset prices are facing a macro squeeze. While the Dow Jones hit new historic highs today, Bitcoin diverged. A hawkish tone from the Federal Reserve minutes has led the money market to price in an 80% probability of an impending rate hike rather than a cut, lifting bond yields and drawing capital away from risk assets.
-Geopolitical Uncertainty Stalls Sentiment: Crypto markets are tightly bound to the unresolved geopolitical gridlock between the U.S. and Iran over the Strait of Hormuz. Though marginal progress has been hinted at in peace talks, friction over Tehran's uranium stockpile continues to risk higher global oil and energy costs, enforcing risk-off trading patterns.
-Declining Volatility Structure: Despite the macro hurdles, Bitcoin's implied volatility has plunged to a 7-month low. Analysts note that while institutional spot demand has temporarily contracted, long-term holders are keeping exchange reserves low and are not rushing to exit, locking BTC in a contracting consolidation triangle.
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