Bitcoin Rally Nears Key Resistance as Bearish Risks Return
May 18, 2026

BTCUSD

Bitcoin is recovering from the February lows, but the rally still appears corrective with price approaching major resistance around 80k–85k. The structure suggests wave C may be nearing completion after a five-wave advance from 65k. A rejection from this zone could trigger another pullback toward 74k–70k before any larger recovery attempt. Longer term, the broader setup still warns of a higher-degree corrective phase or potential bear market.

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