BITCOIN & ALTCOIN RELIEF RALLY OVER OR IS THIS A FAKEOUT?

May 18, 2026

AI Summary

5 min read

Bitcoin and altcoin prices have pulled back after recent gains, prompting a review of technical signals and broader market context. The episode weighs the chance of further short-term weakness against the possibility of a near-term bounce, while covering institutional activity, tokenization projects, and regulatory steps in multiple regions.

Bitcoin Price Signals and Market Context Bitcoin traded near $77,120 at the time of recording, having rejected the 200-day moving average and failing to reach the hoped-for $85,000 level. The daily MACD flipped bearish with a cross, and the RSI moved away from overbought territory. On the weekly chart, momentum is slowing as green candles diminish even though bulls retain overall control. The price remains inside the rising channel that has contained action since February, with the lower boundary near $71,000. A break below that level could open a path toward the low $50,000s, though a bounce from the channel floor remains possible. The host notes that the S&P 500 and Nasdaq are also losing momentum and sit in overbought territory, creating a gravitational pull that often affects crypto due to high correlation. Markets can produce fakeouts, so the episode stresses patience and the need to watch price action through the current week and into June.

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What you'll learn

1 (01:11) **Bitcoin Price Pullback Analysis** - Host reviews current BTC price at $77,120 and daily chart signals including bearish MACD cross and rejection at the 200-day moving average
2 (02:35) **Market Fakeout Possibility and Stock Correlation** - Examines whether the relief rally is ending or if a quick reversal could occur this week
3 (03:44) **Weekly Bitcoin Chart and Long-Term Cycle View** - Reviews diminishing bullish momentum on weekly timeframe while affirming 2026-2027 new all-time high expectations
4 (04:24) **Analyst Bounce Scenario** - Covers credible crypto analyst calling for move to 80k with support at 78k before continuation
5 (05:18) **SpaceX IPO Timing Signal** - Discusses SpaceX targeting June 11 IPO pricing as potential indicator of improving market conditions after short-term weakness
6 (06:16) **Wells Fargo Increases Ether ETF Holdings** - Reports Wells Fargo raising positions in ETH ETFs while reshuffling Bitcoin ETF holdings per latest 13F filing
7 (09:37) **UK Wealth Manager Enters Crypto** - Covers Kenakord Wealth's exclusive Bitwise partnership offering up to 5% portfolio allocation to Bitcoin and Ethereum ETPs

+ Full timestamped outline available in the app

Show Notes

Crypto News: Bitcoin and altcoins pullback along with the stock market and this could be the end of the crypto relief rally.
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⏰ Time Stamps ⏰
00:00 Intro
00:23 Bitcoin & Altcoin analysis
04:29 SpaceX IPO June 11
05:27 Wells Fargo Ethereum ETF
08:48 UK Wealth Manager Bitcoin & Ethereum ETF
10:02 Saudi Arabia Real Estate Tokenization
13:02 Japan Crypto Investment Trusts
14:29 Russian Stablecoin
15:52 Poland Crypto EU Mica
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