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.
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Bitcoin (BTC) has surged past the $81,000 mark today on September 19, 2026, trading at approximately $81,485 with a 24-hour gain of roughly 4.5%. This dramatic price recovery brings Bitcoin's market capitalization above $1.63 trillion, allowing the leading cryptocurrency to outpace major traditional assets like Tesla and cement its bullish momentum despite significant macroeconomic pressures.
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Bitcoin Insights Today
-Shrugging Off Macro Tighter Conditions: Investors completely brushed off hawkish central bank policies this week. Despite the Federal Reserve raising interest rates to 4% and the Bank of Japan hiking rates to 31-year highs, Bitcoin demand remained robust, signaling that macro tightening was already priced in.
-Regulatory Push and Pull: While the crypto industry faced a legislative blow after the U.S. Senate blocked the CLARITY Act, market sentiment was quickly rescued by the SEC. The SEC's publication of an innovation exemption for tokenized traditional stock trading has fueled systemic optimism.
-Aggressive Institutional ETF Inflows: Renewed institutional demand materialized on September 18 as U.S. spot Bitcoin ETFs recorded a massive $433.03 million in net inflows. The surge was spearheaded by Fidelity's FBTC ($310.72M) and BlackRock's IBIT ($108.44M).
-Short Liquidation Squeeze: The unexpected weekend rally caught bears off guard, triggering over $180 million in short position liquidations as the price forced its way past the $80,000 threshold.
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