In this video, we break down Bitcoin on the 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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As of March 11, 2026, Bitcoin (BTC) has reclaimed the $70,000 psychological level, trading around $70,344 following a quick recovery from overnight lows. The market is currently navigating a "crossroads" characterized by renewed institutional demand and ongoing geopolitical uncertainty.
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Bitcoin Insights Today
-Institutional Resurgence: Spot Bitcoin ETFs have seen a return to positive inflows after months of stagnation, with institutional holdings now exceeding 738,000 BTC.
-Macroeconomic Impact: February U.S. CPI data matched forecasts, reinforcing expectations that the Federal Reserve will pause rate cuts through April 2026.
-Geopolitical Influence: Ongoing conflict involving Iran has introduced high volatility; however, a recent $3/barrel drop in oil prices provided a relief rally for both BTC and the Nasdaq.
-Supply Scarcity: Market sentiment is bolstered by the programmatic reality that the 20 millionth Bitcoin is expected to be mined this month, March 2026.
Regulatory & Industry News
-GENIUS Act Implementation: Federal agencies are actively drafting rules for the GENIUS Act, aiming to clarify stablecoin issuance and institutional custody frameworks by mid-2026.
-Nasdaq-Kraken Partnership: A major early-March announcement regarding tokenization infrastructure has signaled long-term institutional commitment to the blockchain ecosystem.
-Binance Litigation: Binance has reportedly filed a lawsuit against the Wall Street Journal over reports concerning U.S. Department of Justice investigations into Iran-linked transactions.
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