Bitcoin Elliott Wave update 18 Sept 2026: Price breaks 50-week SMA at $79,200, the key resistance level. Video by More Crypto Online.
We analyze the Bitcoin Elliott Wave setup following the break above the 50-week SMA. This move invalidates the immediate downside pattern but requires a higher low to confirm the forecast for new highs. We identify the $83,000 level as the critical resistance that must be breached to shift the medium-term bias bullish.
Visit Trading Platform >>
Bitcoin (BTC) is trading dramatically higher today, surging over 5% to an intraday high of $80,381 before stabilizing near $80,352. This explosive rally has completely erased earlier weekly losses, propelled by landmark regulatory news that allowed investors to look past macroeconomic hurdles.
New to trading? Join iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!
Learn more >>
Bitcoin Insights Today
-SEC Innovation Exemption: The U.S. Securities and Exchange Commission (SEC) granted a five-year conditional exemption allowing qualified platforms to trade blockchain-based, tokenized traditional stocks.
-Regulatory Continuity: SEC Chair Paul Atkins confirmed tokens must mirror traditional shareholder privileges, such as voting rights and dividends.
-Market Confidence: Investors are highly encouraged that digital-asset integration can move forward directly via regulatory channels despite gridlock in Congress.
-Hawkish Fed Hike: The Federal Reserve unanimously hiked interest rates on Wednesday to a 3.75%–4.00% target range, hinting that additional liquidity tightening could be on the horizon for 2026.
-Resilient Absorption: According to market updates on CoinDesk, the contained reaction to objectively bad news proved that sellers had already priced in the worst of the political and macroeconomic outcomes.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
