Bitcoin is testing one of the most important resistance zones of the entire rally. In this video, we analyze the key support and resistance levels, the Bitcoin bearish pattern, and why the current structure still allows for another move higher before a potentially larger sell-off begins.
We also take a detailed look at the S&P 500 and NASDAQ because Bitcoin continues to closely follow the stock market. While the indices remain in local uptrends, signs of exhaustion are beginning to appear as markets reach increasingly overextended levels.
Bitcoin (BTC) is trading near $80,600 on Wednesday, May 13, 2026, experiencing intraday volatility after hotter-than-expected macro economic data temporarily forced the price below the key $80,000 baseline.
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Bitcoin BTC Price News & Insights Today 13-5-2026 - Technical analysis of BTC, on market structure, key support and resistance zones. Video by More #Crypto Online.
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Bitcoin Insights Today
1. Hotter Inflation Data Triggers Brief DropThe April U.S. Producer Price Index (PPI) surged 1.4% month-over-month, pushing annual producer inflation to 6%. Combined with Tuesday's 3.8% Consumer Price Index (CPI) print—the hottest in three years—fears are mounting that the Federal Reserve may consider interest rate hikes later this year. Bitcoin reacted by dropping under $80,000 before buyers quickly defended the line.
2. Charles Schwab Launches Retail Crypto TradingBrokerage giant Charles Schwab officially initiated its U.S. rollout of spot crypto trading directly for retail customers. This represents massive infrastructural progress, potentially exposing trillions in brokerage assets to direct digital asset markets.
3. Political & Geopolitical HeadwindsGlobal markets are highly focused on the Trump–Xi summit in China this week. Investors are waiting to see if trade negotiations can alleviate supply-chain pressures and help resolve ongoing Middle East energy cost inflation stemming from conflicts involving Iran.
4. Federal Reserve Chair TransitionOutgoing Fed Chair Jerome Powell will hand over leadership to Kevin Warsh on Friday, May 15, 2026. Warsh, who is widely viewed as crypto-friendly, was officially confirmed by the Senate this week.
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