From a technical point of view, the price of bitcoin bounced off the major resistance at $ 46,500. The purple zone is marked with the 50% Fibonacci retracement of the last downward wave and previous price reactions. If current sentiment prevails until the end of the day then a potential shooting star pattern may occur, which according to the classic assumptions of technical analysis, often heralds declines.
Bitcoin interval D1. Source: xStation5
Bitcoin faces a key test as ETFs sell. A summer crypto bear market ahead?
Bitcoin slips to $76k reaching the lowest level since the May 1
Daily Summary: Wall Street Under Pressure Ahead of Nvidia Earnings and Gulf Tensions
Chart of the day: Bitcoin (18.05.2026)