Bitcoin Wave Analysis – 18 May 2026

Bitcoin: ⬇️ Sell

– Bitcoin reversed from resistance zone

– Likely to fall to support level 75000.00

Bitcoin cryptocurrency recently reversed from the resistance zone between the resistance 81500.00 (former multi-month support from November), upper daily Bollinger Band and the resistance trendline of the daily up channel from March.

This resistance zone was also strengthened by the 61.8% Fibonacci correction of the downward impulse from January.

Bitcoin cryptocurrency can be expected to fall to the next support level 75000.00  –  former strong resistance from March and low of earlier correction iv.