In this video, we break down Bitcoin on the 15 min chart 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 around $77,100 on Wednesday, April 29, 2026, as the market awaits a pivotal U.S. Federal Reserve interest rate decision. While the price has rebounded slightly from a 3% dip earlier this week, trading remains cautious and range-bound between $75,600 and $79,200.
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Bitcoin Insights Today
-Fed Decision Looming: Markets expect the Federal Reserve to hold interest rates at 3.50–3.75%. The subsequent press conference by Chair Jerome Powell is expected to be a binary trigger for Bitcoin's next major move.
-U.S. Strategic Reserve: Patrick Witt, a White House crypto adviser, hinted at a "big announcement" regarding the U.S. Strategic Bitcoin Reserve coming within weeks.
-Bitcoin 2026 Conference: High-profile speakers in Las Vegas, including Michael Saylor and SEC Chair Paul Atkins, are driving institutional narratives. Saylor recently unveiled a bold long-term vision for BTC reaching $10 million per coin.
-ETF Outflows: U.S. spot Bitcoin ETFs snapped a nine-day inflow streak, recording $263 million in outflows as investors de-risked ahead of today's Fed meeting.
-Institutional Adoption: Mezo launched institutional bitcoin yield vaults, reflecting growing demand for putting idle BTC to work.
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