Bitcoin Faces Major Setback Amid Geopolitical Tensions

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: May 19 2026

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Poor Market Performance: Bitcoin traded near $77,119 on May 19, 2026, down 4.83% from $81,070 at the week's start, reflecting market reactions to simultaneous geopolitical tensions and rising bond yields, leading to diminished investor sentiment.
Liquidation Cascade: On May 18, Trump's military threat against Iran triggered panic, resulting in over $657 million in crypto positions liquidated within 24 hours, with 89% being long positions, highlighting market fragility and liquidity risks.
Support Level Analysis: Current support levels for Bitcoin are at $76,000 and $75,537, the latter being Strategy's average cost across its 818,334 BTC position; breaching this level could significantly impact market psychology and lead to further sell-offs.
Future Outlook: Despite the forced liquidation, the market still faces macroeconomic pressures, particularly with oil prices exceeding $100 and rising Fed rate hike expectations; if PCE inflation data comes in hot, it could exacerbate selling pressure on risk assets.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	44599.291	51865.1	60059.151	67324.96	75519.011	82784.82	90978.871
Fibonacci	51865.1	57770.767	61419.294	67324.96	73230.627	76879.154	82784.82

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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