19/05/2026
BTC Update — Bitcoin is now testing the exact area that needs to hold.
After rejecting from the 82k to 84k resistance zone, price has pulled back into the 75k to 76k region. This is a major level because it lines up with the weekly double bottom retest, previous structure, and the 50 Daily EMA.
This is the zone bulls need to defend.
If Bitcoin holds here, this can still be viewed as a healthy retest within the broader recovery. It gives price a chance to reset, build a higher low, and potentially push back toward the 80k to 84k region.
But if this level fails, the structure starts to weaken quickly.
The Daily RSI also gave us a clear warning before this pullback. We had bearish divergence forming while price was pushing into resistance, and like the last few examples on the chart, Bitcoin reacted shortly after.
This is why I’ve been cautious while price was running into 82k to 84k. Hopium catches people out, especially when price is pushing into resistance and momentum is already fading.
For me, the key is simple now. Bitcoin must hold the 75k to 76k zone. If it does, bulls still have a chance. If it loses that area, I’ll be watching for a deeper move toward 70k to 69.8k.
Key levels I am watching:
• Critical resistance: 84k
• Current resistance: 80k to 82k
• Must hold zone: 76k to 75k
• 50 Daily EMA: sitting in this support region
• Deeper support: 70k to 69.8k