Bitcoin is currently trapped between major support and resistance while the market continues to show signs of a potentially corrective rally structure. In this video we break down the latest Elliott Wave count, the short term support and resistance zones, updated liquidation heat map levels from the MCO Terminal, and the latest Bitcoin time cycle analysis.
We also discuss why the current move still looks corrective, what needs to happen to confirm a larger bullish breakout, and why caution remains important near current resistance.
Bitcoin (BTC) is trading around $79,000, falling roughly 4% from an intraday high of $82,022 as surging U.S. Treasury bond yields trigger an afternoon sell-off across macro risk assets. Despite clearing $81,000 during early trading on news of positive trade traction from the U.S.-China summit, the price was rejected at the 200-day moving average for the third time this month.
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Bitcoin BTC Price News & Insights Today 15-5-2026 - Technical analysis of BTC, on market structure, key support and resistance zones. Video by More #Crypto Online.
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Bitcoin Insights Today
-Macro Yield Pressures: U.S. 2-year and 10-year Treasury yields surged to a 12-month high. This macro shift spooked investors, leading to a prompt unwinding of leveraged long positions.
-Legislative Progress: The Senate Banking Committee advanced the Clarity Act with a 15–9 vote. The crypto market structure bill now moves to the full Senate.
-Institutional Accumulation: Institutional conviction remains steady. Michael Saylor's MicroStrategy acquired an additional 535 BTC for $43 million. This purchase bumps their total reserves to 818,869 BTC.
-Geopolitical Inflation: President Trump concluded meetings in Beijing with trade progress. However, unresolved tensions with Iran continue to fuel persistent global inflation worries.
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