In this video I break down the latest Bitcoin price structure using Elliott Wave analysis to determine if we are near a bear market low. I share the key support and resistance levels to watch as we head into the new trading week and explain why the current consolidation might be part of a larger corrective pattern. video by More Crypto Online.
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Bitcoin (BTC) is trading around $63,400 to $64,450 (€55,450) today, June 18, 2026, marking a nearly 1.8% intraday decline. The price hit a midweek high of $66,315 on June 17, but sharply reversed gains after the U.S. Federal Reserve delivered a hawkish forward policy outlook.
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Bitcoin Insights Today
-Hawkish Fed Shock: Newly appointed Fed Chair Kevin Warsh left interest rates unchanged at 3.50%–3.75%, but officials increased their 2026 terminal rate projections to 3.8%. The anticipation of a tighter monetary policy environment immediately dampened global risk appetite.
-Institutional Capital Rotation: Spot Bitcoin ETFs experienced a punishing $213.8 million in net outflows on Wednesday, extending a monthly slump where investors have pulled roughly $5.7 billion. Analysts attribute this trend to capital rotating from crypto into booming AI infrastructure and the highly anticipated SpaceX IPO.
-Stronger Dollar Nemesis: The U.S. Dollar Index (DXY) is on the verge of a major breakout near the 100 level, creating strong technical macro headwinds for Bitcoin.Geopolitical Cushion: A preliminary peace agreement signed between the U.S. and Iran has helped stabilize broader global equity markets, which prevents a deeper cascading crypto selloff.
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