Bitcoin Elliott Wave Analysis & Price Update (BTC/USD). In this video, I break down Bitcoin on the 4hr & 15m charts using Elliott Wave Theory. You’ll discover both bullish and bearish scenarios, plus the critical price levels and targets to watch. Video by Koenz Trading.
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Based on recent Elliott Wave analysis, Bitcoin (BTC) is expected to decline in the short term as part of a corrective wave, likely targeting the €80,770.57 level (approximately $88,410 USD at current exchange rates). The current price of BTC is around €78,752.26 (or $92,016.83 USD).
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Key Insights
-Market Movement: Bitcoin has been trading between approximately $91,263 and $94,444 over the past 24 hours. The recent dip below $92,000 is being described as an Asia-led sell-off that also affected other altcoins.
-Technical Levels: The $95,000 level has proven to be a significant resistance point recently. Technical analysis suggests a potential test of support near $91,965, with a breakout above $95,505 needed to confirm a continued upward trend.
-Market Sentiment: Despite the current pause, some options traders are eyeing the $100,000 level, encouraged by the year's strong start and significant U.S. spot Bitcoin ETF inflows earlier this week.
-The market outlook for 2026 is generally positive, with predictions of trading between $74,425 and $105,000.
-Economic Factors: The future movement of Bitcoin's price may be tied to the broader economy and potential US Federal Reserve actions, such as interest rate cuts, which could influence investor appetite for riskier assets like cryptocurrency.
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