In this video, we break down Bitcoin on the 4hr and 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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Bitcoin (BTC) is trading near $66,500 on March 2, 2026, recovering slightly from a weekend dip to $63,000 triggered by escalating U.S.–Iran conflict. While the market remains in "Extreme Fear," BTC is outperforming equities in a risk-off session.
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Bitcoin Insights Today
-Geopolitical Impact: Weekend military strikes in the Middle East led to $1.8 billion in total liquidations. BTC fell below $66,000 initially but found support as a "debasement hedge" while oil and gold prices surged.
-Institutional Activity: Michael Saylor’s Strategy (formerly MicroStrategy) purchased 3,015 BTC this week, bringing total holdings to over 720,000 coins.
-Whale Accumulation: New "whale" wallets have reportedly added $120 billion in BTC throughout 2025 and early 2026 at an average price of $98,000, leaving many large holders currently "underwater".
-ETF Flows: Spot Bitcoin ETFs have seen approximately $9 billion in outflows over the last four months, contributing to the recent price stagnation.
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