In this video, we break down Bitcoin on the 1hr & 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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Bitcoin (BTC) is currently trading around $76,000, ending April with a defensive but resilient tone. Despite recent intraday volatility and broader macro pressures, the asset has carved out a nearly 10% monthly gain.
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Bitcoin Insights Today
-Geopolitical Impact: Tensions in the Middle East and reports of potential military actions in Iran have dampened risk appetite, pressuring BTC prices lower this week.
-Hawkish Federal Reserve: The Fed recently held interest rates steady (3.50%–3.75%), with Chair Jerome Powell citing high energy prices as a reason to maintain a cautious stance.
-Derivative Sentiment: Funding rates have turned slightly negative (-0.0087%), suggesting a surge in short-side positioning after a sustained recovery from February lows.
-Institutional Adoption: Despite the current cooldown, structural drivers like Morgan Stanley's ETF launch and Charles Schwab's expanded spot trading continue to provide a long-term floor.
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