Bitcoin analysis May 18th 2026
The Bitcoin market followed the forecast will a rally from March into mid May where it stalled at 83k (the Q on the 1:1 extension on the SR). That likely sets an intermediate top. Ethereum had a negative break on the 12th May and that is a warning for the cryptocurrency sector. The analysis suggests that risk is high into late May or early June and therefore rally attempts in this sector should be treated with caution and that is particularly as ETH has already broken down as covered in Discord. 75k is the first objective below.
