bullish

Bitcoin

Coin

<p>Bitcoin price today is hovering around $103,400 after failing to sustain momentum above $105,000 earlier this week. Despite a strong recovery from $100,762, recent candles show indecision with tightening Bollinger Bands and flattening RSI. The current rangebound movement comes after a multi-week rally that saw Bitcoin price spikes toward $105,787, followed by sustained rejection near major Fibonacci resistance.</p><h3 class="wp-block-heading" id="h-what-s-happening-with-bitcoin-s-price"><strong>What’s Happening With Bitcoin’s Price?</strong></h3><div class="wp-block-image"><figure class="aligncenter"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcVYfjbz0-E82C2XQc7TCw0jkXXKHL1lb0BrhF5lc0XzKManKzElITLE278woSkVKNLsLvX_OHyDNjv9NFVjYTnsVSkC7XInJrOF5wVFa5tidNMPT1CLW_HKG-0_5WhmtRBLPVB3Q?key=I-TupkP9rXWKeHsK0pUVDg" alt=""><figcaption class="wp-element-caption"><a href="https://www.tradingview.com/symbols/BTCUSD/?exchange=CRYPTO" rel="noopener noreferrer nofollow"><em>BTCUSD price dynamics (Source: TradingView)</em></a></figcaption></figure></div><p>The Bitcoin price action on the 1-day chart remains bullish from a macro lens, with the asset firmly above the March–April downtrend breakout. The latest weekly candle formed a long upper wick just below the 0.786 Fibonacci level at $104,929, indicating heavy supply pressure. This area near $105,000 has acted as a historical rejection zone and now caps further upside unless cleared decisively.</p><p>On the 4-hour chart, price remains inside a narrow consolidation triangle, with lower highs and slightly higher lows. This structure has developed just above the 50 EMA at $102,533, a critical dynamic support that must hold for bulls to maintain control. Any close below this cou…</p><p>The post <a href="https://coinedition.com/bitcoin-btc-price-prediction-for-may-18-can-bulls-reclaim-105k-amid-sideways-pressure/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price Prediction for May 18: Can Bulls Reclaim $105K Amid Sideways Pressure?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin (BTC) Price Prediction for May 18: Can Bulls Reclaim $105K Amid Sideways Pressure?

Table of Contents

Coin Edition

Other articles published on May 17, 2025

Arctic Pablo Coin on the Rise: $0.10 Target Sparks Investor Frenzy as Artificial Liquid Intellige...

Crypto Market Dips as Moody’s Downgrades U.S. Credit

This tiny AI-powered coin just hit $2M in presale, can it repeat DOGE’s 30,000% run?

Binance Predicts Autonomous Future for DeFi Powered by Artificial Intelligence

Why is the crypto market crashing, and will the bull run resume?

Portfolio Rebalancing? This Altcoins Risk-Reward Ratio Is Drawing Serious Eyes

Join our free newsletter for daily crypto updates!