Bitcoin is showing a reaction from a major resistance zone, and the big question now is whether this corrective rally is coming to an end, or if the market still has room for one more push higher.
In today’s update, we break down why B-wave rallies are among the most difficult market structures to trade from both a technical and psychological perspective. We also discuss the similarities to previous Bitcoin bear markets, including the RSI behavior, Fibonacci resistance zones, and reactions around the 200-day moving average.
Most importantly, we explain what needs to happen to confirm that the next major move down has started, and why the current structure still leaves room for additional upside extensions as long as key support holds.
Bitcoin (BTC) is trading down today at approximately $76,800 to $77,300, following a sharp market-wide sell-off that pushed the asset to a two-week low. A wave of risk aversion has swept financial markets, resulting in over $670 million in leveraged crypto long positions liquidated within the last 24 hours.
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Bitcoin BTC Price News & Insights Today 18-5-2026 - 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 Escalation: Over the weekend, U.S. President Donald Trump issued a stern warning to Iran stating that "time is running out" to reach a deal. Coupled with drone strikes in the Middle East, these developments have significantly dampened global risk appetite.
-Oil Shock & Inflation Fears: Crude oil surged past $110 per barrel due to the ongoing regional friction. Higher energy costs have re-ignited fears of sticky inflation, following hotter-than-expected CPI and PPI data released last week.
-Surging Bond Yields: Government bonds faced a severe sell-off, forcing the U.S. 10-year Treasury yield to its highest mark since early 2025. Consequently, traders have slashed expectations for Federal Reserve interest rate cuts in 2026, and futures are beginning to price in potential rate hikes.
-ETF Outflows: Institutional caution is mounting. Spot Bitcoin ETFs posted over $1 billion in net outflows last week, marking their steepest retreat since late January.
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