Bitcoin has dropped 55% from the October highs, and the current bounce from the February lows is making many traders think the worst is over. I don't agree — and in this video I walk you through exactly why, across three independent data sets that all tell the same story. The Elliott Wave structure, the complete macro dashboard, and the on-chain indicators are all pointing to one conclusion: this bounce is a relief rally, not a reversal. The real macro low is most likely still ahead of us.
Bitcoin (BTC) is trading around $70,800 on Monday, April 13, 2026 . The price is under pressure today following the collapse of US-Iran peace talks in Islamabad, which has dampened market risk sentiment and sent oil prices above $100 per barrel.
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Bitcoin BTC Price News & Insights Today 13-4-2026 - Technical analysis of BTC, on market structure, key support and resistance zones. Video by More #Crypto Online.
Timestamps
00:00 Bitcoin Down 55% — Where We Really Are
01:30 Daily Chart And The Break Below The 21 Week EMA
03:06 Why This Looks Like January 2022 All Over Again
06:35 Support Zone: Why 35K to 44K Matters
09:57 On-Chain Indicators: MVRV-Z Score And LTH Realized Price
11:30 Introducing The Macro Dashboard
13:07 Fed Funds Rate And Why Rates Still Matter For Bitcoin
14:30 Unemployment Rising From The Lows
16:54 CPI: Why Inflation Is Not Beaten Yet
17:30 Oil Prices Draining Liquidity From Risk Assets
18:30 JOLTS And Hires Rate — The Leading Indicators
19:57 Gold At All-Time Highs — Where The Money Is Going
21:00 GDP And The Yield Curve Normalization Pattern
23:08 The Full Picture: A Relief Rally, Not A Reversal
26:29 Microstructure And Key Support For The Week
28:00 Why I'm Not A Perma Bear
29:30 What Comes After The Next Macro Low
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Bitcoin Insights Today
-Geopolitical Crisis: Failed diplomatic talks and a subsequent US order to blockade the Strait of Hormuz have triggered a "risk-off" move across markets.
-Institutional Activity: Despite the dip, spot Bitcoin ETF demand remains relatively steady. Morgan Stanley recently launched its Bitcoin Trust (MSBT) with a 0.14% fee, and Nasdaq listed the NGHT ETF focused on overnight price moves.
-Economic Headwinds: US inflation is rising at its fastest monthly pace in four years, fueling expectations that the Federal Reserve will maintain a hawkish stance with potential rate hikes.
-Network Health: Over 13.5 million addresses are currently "in loss," indicating many holders acquired BTC at prices higher than the current $70,800 level.
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