In this video, we break down Bitcoin on the Daily, 4hr & 1hr 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 27, 2026, Bitcoin (BTC) is trading at approximately $66,587, reflecting a significant 4.1% decline within the last 24 hours. The market is currently characterized by "Extreme Fear" as a massive $14.1 billion options expiry on Deribit coincided with a broader macroeconomic selloff.
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Bitcoin Insights Today
-Massive Liquidations: Over $300 million in leveraged long positions were liquidated as BTC hit a two-week low.
-Options Expiry Impact: The expiry of $14.1 billion in Bitcoin options today created intense "gravitational pull" toward the $75,000 max pain level, though the macro selloff ultimately pushed prices downward.
-Macroeconomic Headwinds:
--Yield Spikes: The U.S. 10-year Treasury yield neared a one-year high of 4.5%, reducing appetite for risk assets.
--Oil & Geopolitics: Rising oil prices (WTI crude above $100) due to ongoing U.S.-Iran tensions have reignited inflation fears and lowered expectations for Fed rate cuts in 2026.
-Institutional Outflows: Spot Bitcoin ETFs recorded a net outflow of $171 million on March 26, the largest single-day withdrawal in three weeks.
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