BTC/USD Forex Signal 18/08: Bitcoin Stagnation Continues

Created on August 18, 2026

Bearish view

• Sell the BTC/USD pair and set a take-profit at 62,000.

• Add a stop-loss at 66,000.

• Timeline: 1-2 days.

Bullish view

• Buy the BTC/USD pair and set a take-profit at 66,000.

• Add a stop-loss at 62,000.

Bitcoin continued its stagnation this week, as US bond yields jumped and as ETFs recorded their largest outflows since June after a strong start of the month. The BTC/USD pair was trading at 64,000 on Tuesday, up slightly from its lowest level this month.

Bitcoin’s consolidation has coincided with the ongoing stock market rally, with the S&P 500 Index jumping to a record high. In a statement on Monday, analysts at Evercore said that the index may jump to $9,000 by the end of the year. Recently, there are signs that investors are rotating from Bitcoin to the stock market where returns are doing better.

The BTC/USD pair is also wavering as ETFs lose momentum. After starting the month well, these funds had over $389 million in outflows last week, the worst performance in months. They have now had over $463 million in inflows this month.

Bitcoin is also reacting to the performance of the bond market, where yields have moved upwards this month. The 30-year bonds are now yielding 5.318%, its highest level in years. This rally may continue rising in the coming months as the total US debt approaches the $40 trillion metric. There is a risk that Japan, one of its biggest holders, will continue selling as the Japanese yen falls.