3 Events That Could Move Bitcoin Price This Week After $180M Liquidation Squeeze
Highlights
- Bitcoin price has crashed below $77,000 amid a $180 million liquidation squeeze.
- NVIDIA earnings, FOMC minutes release and Iran's stock exchange reopening could cause more volatility for Bitcoin this week.
- BTC price has support at $75,700 and if it fails to hold, the price may crash to $70,000.
Bitcoin (BTC) price has dropped to $76,769 today, May 18, and this has caused $180 million in liquidations. But it is a busy week ahead for Bitcoin. Three events: Nvidia Q1 earnings, the FOMC Minutes release, and Iran re-opening its stock exchange might move Bitcoin price this week, even after today’s crash.
NVIDIA Q1 2026 Earnings
NVIDIA will release its results for February to April 2026 on May 20. Revenue is expected to reach $78.8 billion, and this is 80% more than in February to April 2025.
NVIDIA performed better than what was expected in February 2026, November 2025, and August 2025. It might do it again on Wednesday.
The company released results for November 2025 to January 2026 on February 26. On February 25, the price of Bitcoin went from $63,000 to $69,000.
Bitcoin also went from $89,000 to $93,000 on November 18, just a day before NVIDIA Q3 earnings came out. Bitcoin has crashed today, but NVIDIA might give it a lifeline on Wednesday.
May 20 FOMC Minutes Release May Affect Bitcoin Price
FOMC will release minutes for the April 28 FOMC on May 20. It is a highly awaited release because it will show Powell’s last stance on inflation and the decision to cut interest rates.
These minutes might change the odds of what decision the Fed is going to make at the next FOMC on June 17. There is currently a 51% chance that the Fed is going to increase rates before the year ends on the CME FedWatch Tool.
Bitcoin price might drop below $75,000 after the FOMC minutes come out on May 20 if they show the Fed is hawkish. Bitcoin will go to $70,000 If support at $75,700 does not hold.
Iran Stock Market Reopens on May 19
The Iranian stock market is going to open on May 19 after it was closed on February 18. The reopening might just see people go back to risk assets like Bitcoin because it will signal that the war is no longer an issue.
But President Trump has just renewed his threats towards Iran, saying the “clock is ticking” and even posted a picture with missiles.
Bitcoin price will go above $80,000 again if Iran stock exchange is opened and the US and Iran end the war. But if Trump follows through with this threat, BTC will go below $75,000.
Bitcoin Price Prediction as Bearish Pattern Warns of $70,000 Crash
Bitcoin price has created a rounding top. This suggests that the surge that started on April 30 from $75,000 to $82,000 on May 10 has ended. This pattern suggests BTC may have topped out at $82,000, and it is about to start going down as soon as it goes below $75,700.
Bitcoin falling below $75,700 will see the price reach $70,455. But this might be avoided if it can hold the support at $75,700.
The RSI reading of 44 shows bears have a better grip. That means Bitcoin might go to $70,455.
And the MACD is showing a bearish long-term Bitcoin price forecast because the line is dropping below the signal.
Bitcoin holding support at $75,600 gives bulls a chance to come back to push the price above $80,000.
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