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Bitcoin shows signs of long-term accumulation, eyeing a rally to $95,000 despite recent ETF outflows and macro risks.

Technical Signals
20 May 2026
Crypto news
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Bullish
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Bitcoin price remains under pressure but on-chain indicators like the MVRV ratio suggest a long-term accumulation phase, potentially leading to a rally toward $95,000. Analyst Ali Martinez highlights that Bitcoin holding above $72,960 support is crucial; falling below could trigger a deeper correction toward $54,270. Despite $1.27 billion in recent ETF outflows and macroeconomic uncertainties including inflation and geopolitical tensions, Bitcoin's technical setup and long-term holder behavior indicate resilience and possible recovery. Investors are watching upcoming Fed minutes, U.S. jobs data, and Nvidia earnings for further market direction.

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