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Bitcoin Intraday: rebound towards 78700
May 18, 2026 8:49 AM
rebound towards 78700.
76070 is our pivot point.
Our preference:
rebound towards 78700.
Alternative scenario:
the downside breakout of 76070 would call for 75080 and 74500.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 77000 and 77707).
Supports and resistances:
79280 *
78700 **
78110
76922 last
76070 **
75080 *
74500 **
Our preference:
rebound towards 78700.
Alternative scenario:
the downside breakout of 76070 would call for 75080 and 74500.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 77000 and 77707).
Supports and resistances:
79280 *
78700 **
78110
76922 last
76070 **
75080 *
74500 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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Bitcoin
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