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Bitcoin tests critical $75K support to confirm bullish breakout or risk deeper correction.

Technical Signals
18 May 2026
Coinpaper
View Source
Neutral
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Bitcoin is currently retesting a key support zone between $74,917 and $76,000, which is crucial for maintaining its recent bullish momentum. The weekly chart shows Bitcoin trading within the bull market support band, with a failure to hold this level potentially turning the recent rebound into a failed breakout. Analysts highlight that holding above $75,000 is essential to avoid a deeper correction, with lower support levels near $68,800 and $61,106 acting as fallback points. On the upside, reclaiming levels above $78,779 could lead to higher targets around $86,582 and beyond, but the current weak bounce from the 61.8% Fibonacci retracement signals caution in the short term.

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