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 near $64,000, experiencing mild intraday volatility as it bounces between $63,242 and $64,800. The cryptocurrency is facing selling pressure and sits roughly 49% below its October 2025 all-time high of $126,000, amid a prolonged macro consolidation phase.
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Bitcoin Insights Today
-Geopolitical Volatility: Over the weekend, geopolitical frictions involving U.S.-Iran negotiations and a temporary scare over the Strait of Hormuz route caused short-term "risk-off" market reactions, dropping BTC down to the low $63,000s. It later saw a volume-driven rebound toward $64,800 following diplomatic signals of easing tension.
-Macroeconomic Watch: Crypto markets are lagging behind a rally in Asian equities. Traders remain highly cautious ahead of this Thursday's Core PCE inflation report, the Federal Reserve's preferred inflation gauge, which keeps broader risk assets rangebound.
-Institutional Outflows: Market sentiment continues to be dampened by sustained institutional selling. U.S.-listed spot Bitcoin ETFs registered a $227 million net outflow for the sixth consecutive week, primarily led by Grayscale's GBTC.
-Corporate Activity: MicroStrategy (Strategy) continues to defend its treasury strategy, having purchased $100 million in Bitcoin (1,500 tokens) earlier this month to push its staggering balance past 846,000 BTC.
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