Bitcoin continues to trade inside a larger corrective structure after getting rejected from the 200-day moving average and the key resistance region around the blue target box. In this video, we take a detailed look at the Elliott Wave structure and explain why the current rally may still be part of a larger B-wave rally within an ongoing bear market environment.
In addition to the Elliott Wave analysis, we also dive into the new Bitcoin Pulse regime indicator inside the MCO Terminal. The interesting part: this indicator has nothing to do with Elliott Wave analysis, yet many of the internal market characteristics still align with the idea of a corrective rally rather than a strong impulsive bull market.
Bitcoin is trading near $76,700 on May 19, 2026, marking its fourth consecutive daily decline. The asset has experienced a 4.8% pullback over the past week, following a failed attempt to hold the $82,000 level that was catalyzed by legislative optimism over the CLARITY Act.
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Bitcoin BTC Price News & Insights Today 19-5-2026 - Technical analysis of BTC, on market structure, key support and resistance zones. Video by More #Crypto Online.
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Bitcoin Insights Today
-Geopolitical Tensions: Cryptocurrencies tracked traditional stock indices downward due to volatile U.S.-Iran negotiations and fluctuating oil prices. Tensions slightly eased after President Trump temporarily called off a scheduled military strike.
-Rising Bond Yields: Surging interest rates and higher Treasury yields continue to pressure high-risk assets, draining the immediate buy-side liquidity required to support a sustainable Bitcoin breakout.
-Whale Accumulation Divergence: Despite the flat price action, on-chain data shows aggressive whale purchasing. Notably, MicroStrategy disclosed a massive purchase of 24,869 BTC for $2 billion at an average price of $80,985 between May 11 and May 15.
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