Bitcoin has now reached a major support zone that we've been tracking for weeks. The daily RSI is oversold, the weekly RSI is approaching oversold territory, and historically these conditions have often preceded significant bounces.
However, oversold does not automatically mean the bottom is in.
In this video, we compare the current market structure with previous Bitcoin bear markets, analyze the Elliott Wave count, discuss the importance of the four-year cycle, and look at on-chain cost basis indicators including the Realized Price and Investor Price.
We also break down the key resistance zone that Bitcoin must overcome before a larger corrective rally can be considered underway.
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Bitcoin BTC Price News & Insights Today 4-6-2026 - Technical analysis of BTC, on market structure, key support and resistance zones. Video by More #Crypto Online.
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Bitcoin Insights Today
-The Saylor Stash Sale: Market panic accelerated after Michael Saylor's MicroStrategy disclosed its first Bitcoin sale since late 2022, offloading 32 BTC to test dividend funding. Traders are panicking that the company may dump tens of thousands more BTC to cover its $1.8 billion annual preferred stock dividend obligations. Saylor downplayed the crash as a "capital rotation into AI" rather than a fundamental flaw in Bitcoin.
-Massive ETF Redemptions: Spot Bitcoin ETFs are suffering through an aggressive 11-day outflow streak, bleeding roughly $3.45 billion in net redemptions over the past three weeks.
-Historic Liquidation Cascade: The forced flush triggered over $623 million in Bitcoin long liquidations within 24 hours, ballooning to over $1.5 billion across the wider crypto market.
-Macro Risk & War Premium Erasure: The market has officially erased all gains made since the initial outbreak of the Iran conflict. Compounded by a hawkish Federal Reserve and a macro pivot toward booming tech equities and IPOs, Bitcoin has recently behaved strictly as a high-risk asset rather than a safe haven.
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