Bitcoin

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Bears have seized the initiative on the last day of the week, according to <a href="https://u.today/xrp-price-prediction-for-may-18" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="21e4ffcb-262a-4b39-889d-00cc1df5ba79" src="https://u.today/sites/default/files/inline-images/top10_1124.png">Top coins by <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
<h2 id="btc-usd">BTC/USD</h2>
The price of Bitcoin (BTC) has declined by 0.19% since yesterday. Over the last week, the price has risen by 9.57%. <img data-entity-type="file" data-entity-uuid="645df79a-714b-4136-b703-123d32c8bdf5" src="https://u.today/sites/default/files/inline-images/btc1_196.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the rate of BTC is looking bearish as it is returning to the support level of $66,853. If nothing changes by the end of the day, one can expect a breakout followed by a move to the $66,500 area. <img data-entity-type="file" data-entity-uuid="2c78dd56-6b1f-4d95-9f2a-0f9283a2ff4d" src="https://u.today/sites/default/files/inline-images/btc2_177.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, the price of the main crypto has made a false breakout of the resistance at $67,482. If the candle closes near its low, there is a chance of a drop to $66,000 the upcoming week. <img data-entity-type="file" data-entity-uuid="df101656-edc1-4943-bcbc-15aa816e84b5" src="https://u.today/sites/default/files/inline-images/btc3_176.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSDT" rel="noopener noreferrer nofollow">TradingView</a>
A better situation is on the weekly time frame. The bar is about to close near the $66,900 level.
If bulls can hold the gained initiative, the accumulated energy might be enough for a further upward move to $70,000.
Bitcoin is trading at $66,863 at press time.

Bitcoin (BTC) Price Prediction for May 19

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