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 trading around $70,800 today, April 13, 2026, facing downward pressure following the collapse of U.S.-Iran peace talks and a subsequent spike in global oil prices.
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Bitcoin Insights Today
-Geopolitical Impact: Peace talks in Islamabad failed, leading to a U.S. blockade of the Strait of Hormuz.
--Crude oil surged past $100/barrel, causing traders to pivot toward defensive derivatives and profit-taking in crypto.
-Institutional Activity: Michael Saylor’s Strategy purchased an additional 13,927 BTC for $1 billion today.
--Capital B confirmed the acquisition of 37 BTC for €2.3 million .
-Technical Analysis: BTC is currently consolidating; a daily close below $70,000 could trigger a deeper correction toward $65,000.
--The MACD remains slightly bullish, but heavy selling pressure (approx. $20M/hour) has been noted above $70,000.
-Regulatory & Industry: The Bank of Korea called for stock-style "circuit breakers" on crypto exchanges to manage volatility.
--Circle CEO Jeremy Allaire defended a recent decision not to freeze USDC during a protocol exploit.
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