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 24, 2026, Bitcoin (BTC) is trading at approximately $71,057.52, reflecting a 24-hour rally of about 4%. The market has reclaimed the critical $71,000 level following a significant short liquidation event totaling over $550 million.
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Bitcoin Insights Today
-Geopolitical Influence: Prices surged after U.S. President Donald Trump announced a five-day pause on potential strikes against Iranian energy infrastructure, shifting investor sentiment toward "risk-on" assets.
-Whale Activity: Large holders continue to exert pressure; one "ancient" whale from 2013 recently offloaded 1,000 BTC (approx. $71.6M), part of a larger distribution trend seen since late 2025.
-Mining Adjustment: Mining difficulty recently "cooled" by 7.8%, the second-largest drop of the year, providing some relief to miners who were facing losses as prices hovered near $68,000.
-Technical Outlook:
--Support: Analysts identify $68,000 as the "line in the sand" separating the current correction from a potential bear market.
--Resistance: Immediate hurdles are set at $73,685 and $76,099.
--Indicators: The Fear & Greed Index is currently reading 26 (Fear), while the Relative Strength Index (RSI) sits at a neutral 59.15.
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