TICKMILL Next week’s Bitcoin update for May 18, 2026: BTCUSD by thesignalystarabic — TradingView

In our previous analysis, we mentioned that Bitcoin was located in the intermediate area between the 79,500 and 82,500 resistance zones, and at that time we made it clear that we did not recommend buying or selling in this area, pending confirmation of the trend.

What we mentioned as expected is:
🔹Look for buying opportunities as price falls towards support and demand areas
or
🔹Break above the 82500 area and the previous high, then wait for retesting and look for upward trend buying opportunities.

But what happened was the first situation✅
The price bounced downwards towards the buy zone, which was followed by a strong upward bounce, and the price is now retesting support and buy zones.

Price is also retesting the uptrend line drawn in orange from the previous analysis, which is based on:
📍First time
📍Second bottom
📍Currently, the third bottom is forming.

Therefore, the current area is considered a very important purchasing area because it represents an intersection:
✔️Uptrend line
and
✔️ Strong demand or support areas.

Currently, we are waiting for the smaller frames to form a clear buying opportunity to enter with an uptrend 📈

However, if the price fails to form a buying opportunity and break above the current area while remaining stable below it, we may see a strong bearish wave towards Bitcoin’s all-important demand area:
📍72000
📍71500

If the price reaches these areas, which are considered very strong buying areas, then we will also wait for confirmation and buying opportunities on the smaller frames.

📌 The current market is highly volatile, and risk management is very necessary.

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