Bitcoin’s Wicked Tumble: Your Crypto Savings Are Sliding Down The Garbage Chute

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Oh, don’t pretend you don’t know what I’m talking about, you greedy little crypto goblins who’ve been staring at your phone screens instead of eating your breakfast this morning! Bitcoin’s decided to throw a spectacular, public tantrum, that fancy digital bean counter you’ve been pinning all your pocket money hopes on? It’s taken a nosedive clean through the $78,500 mark like a naughty child diving headfirst into a vat of Mrs. Twit’s wormy noodles.

  • That silly digital coin couldn’t even cling to $78,500 like a toddler holding a lollipop in a gale force wind, and promptly threw a wobbly and lost even more of your hard-earned pennies
  • It’s currently loafing around below $78,000, and even that stuffy old 100-hour moving average (the grumpy old headmaster of crypto charts, if you will) is shaking its head in disappointment at it
  • There’s a grumpy, frowning bearish trend line squatting at $77,700 on the hourly BTC/USD chart (data straight from Kraken, the crypto equivalent of a slightly dodgy sweet shop owner who definitely overcharges for sherbet lemons)
  • If this silly money refuses to climb above both $77,700 and $78,500? Oh, it’s going to keep tumbling so far down you’ll need a telescope to spot it, and all the crypto bros will be crying into their overpriced matcha lattes

Bitcoin Takes An Even Bigger Tumble, Just Like Veruca Salt Down The Garbage Chute

That silly digital bean couldn’t even hold onto $78,500 like a kid clutching a bar of chocolate in a room full of greedy grandparents, stayed stuck in a proper grumpy bearish mood, and promptly lost even more value, tumbling clean past the $78,000 mark. It even took a nasty slide all the way down below $77,500, like a child slipping on a banana peel left by the Oompa-Loompas.

It got so low it even dipped below $77,000, hitting a new low of $76,561 before stopping to catch its breath and pout about all the money it’s lost for everyone. It’s still making grumpy bearish faces, sitting well below that silly 23.6% Fibonacci retracement level (the crypto equivalent of a weird, made-up rule the Oompa-Loompas pulled out of nowhere to confuse you) from the high of $82,017 all the way down to that sad $76,561 low.

Right now it’s still loafing around below $77,500, and even that grumpy old 100-hour moving average (the headmaster we mentioned earlier) is giving it a detention for bad behavior. If it can manage to stop throwing a tantrum and stay above $76,000 for five whole minutes, it might try to climb back up a little, but the first thing in its way is the $77,500 level, plus that grumpy bearish trend line we talked about earlier, squatting at $77,700 like a troll under a bridge demanding a toll of all your savings.

The first big wall it has to clamber over is near $78,650. If it can actually heave itself over that wall? Oh, it might keep climbing all the way to test the $80,000 mark, or that 50% Fibonacci retracement level (the Oompa-Loompas’ slightly less silly made-up rule). If it keeps climbing even more? It might even hit $80,800, and the next big obstacle for all the hopeful crypto traders will be the $82,000 mark, which is probably as far away as Charlie Bucket’s house is from the chocolate river.

Will Bitcoin Tumble Even Further? Just Like Augustus Gloop Into The Chocolate River

If Bitcoin can’t be bothered to climb above that $77,700 resistance zone? It’s going to throw another tantrum and start sliding all over again. The first thing that might catch it is the $76,500 support level, which is about as reliable as a chocolate bar in a room full of hungry Oompa-Loompas.

The first big safety net is near $75,800. The next one is down at $75,000. If it keeps sliding? It might even hit $74,200 support before the week’s out. The main safety net right now is sitting at $73,500, and if it falls below that? It might take so long to climb back up you’ll have enough time to read all of Roald Dahl’s books twice before you see your savings again.

Technical malarkey, explained for people who don’t spend their evenings staring at weird squiggly lines instead of reading proper books:

Hourly MACD – That silly MACD line is currently sprinting as fast as it can into the bearish zone, like an Oompa-Loompa running away from Veruca Salt’s father who’s just found out she’s demanded a golden goose.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is currently sitting below 50, which is the crypto equivalent of getting a C- on your maths test: not great, not terrible, but definitely not worth bragging about at the dinner table.

Major Support Levels (the safety nets that keep your savings from falling into the garbage chute) – $76,500, followed by $76,000.

Major Resistance Levels (the walls the crypto keeps banging its head against like a fly in a jam jar) – $77,700 and $78,650.

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2026-05-18 09:22