In this video, we break down Bitcoin on the 1hr & 15m 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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As of May 11, 2026, Bitcoin is testing a major technical and psychological threshold at $82,000, buoyed by institutional demand and optimism regarding geopolitical peace talks, though short-term volatility remains high.
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Bitcoin Insights Today
-Geopolitical Impact: Traders are closely watching a potential Middle East peace deal. President Trump recently rejected an "unacceptable" proposal from Iran, causing brief price "whipsaws" as markets react to shifting diplomatic signals.
-Institutional Strength: Spot Bitcoin ETFs continue to see significant support, with cumulative inflows reaching $58.5 billion. BlackRock's IBIT alone now holds roughly 812,000 BTC.
-Whale Activity: A dormant "whale" wallet from 2013 moved 500 BTC ($40M) yesterday. Analysts suggest the move was likely an OTC transfer rather than an exchange dump due to the low transaction fee and non-exchange destination address.
-Macro Correlation: Bitcoin is showing a strong positive correlation with the Nasdaq, which also hit record highs today following strong semiconductor earnings.
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