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>
   <a href="https://www.tradingview.com/symbols/BTCUSD/?exchange=CRYPTO" target="_blank" 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

Join our free newsletter for daily crypto updates!