In this video, we break down Bitcoin on the 4hr & 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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As of April 20, 2026, Bitcoin (BTC) is trading near the $75,000 mark, experiencing a slight pullback following a surge toward $78,000 late last week . The market is currently balanced between strong institutional demand and emerging geopolitical and technical pressures
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Bitcoin Insights Today
-Institutional Strength: US-listed spot ETFs recorded massive inflows of nearly $1 billion last week, signaling sustained institutional confidence despite short-term volatility.
-DeFi Jitters: A $290 million exploit of the Kelp DAO protocol has caused a "crisis of confidence" in the DeFi sector . This has triggered nearly $9 billion in outflows from Aave, the largest DeFi lender, as users worry about collateral stability.
-Geopolitical Macro: Renewed tensions between the US and Iran over the Strait of Hormuz have tempered risk appetite, contributing to the recent price retreat from local highs.
-Options Expiry: A massive $7.9 billion options expiry is set for this Friday. Heavy positioning is concentrated at the $75,000 level, which may act as a technical "anchor" or trigger a volatile squeeze.
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