The REAL REASON Why Bitcoin CRASHED TODAY!! (+ What Comes Next?)
2 extracted signals · 2 resolved · 0 still active
Altcoin Daily18 May 2026, 23:31 UTC
AI-generated source summary
The market is experiencing a major shakeout, with Bitcoin rejecting key resistance at $83k. Bitcoin ETFs saw massive outflows, and rising yields are hurting risk assets. Tensions in Iran have sparked risk-off selling, leading to $660 million in crypto liquidations hitting the markets. On-chain signals suggest supply is tightening and sell pressure is exhausted, with Bitcoin's dominance remaining historically elevated. Long-term holders are showing sustained conviction, and short-term speculators have largely exited. The shift in Fed Chair to Kevin Warsh, who is pro-Bitcoin and pro-rate cuts, could be a bullish catalyst. These factors suggest a potential bottom is in, and markets are poised for a recovery, with Bitcoin expected to potentially reach $1 million in the early 2030s. Current price for BTC is $77,600, target is $83,000, with a failure bound at $76,000. For ETH, current price is $3,145, target $4,000, fail bound $3,000. For US stocks like NVIDIA, the trend is expected to turn bullish from current lows.
AI-generated summary based on the source content.
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