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 $64,000 to $65,000, showing slight upward movement in early morning trading before consolidating within a tight horizontal range. The digital asset is struggling to build strong upward momentum as persistent institutional outflows conflict with massive corporate accumulation and easing geopolitical friction.
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Bitcoin Insights Today
-Saylor's Strategic Buy: Strategy (MSTR) acquired 520 more BTC for $35 million last week, boosting its total balance to 847,363 BTC.
-Corporate Inflows: MARA added 1,000 BTC ($66.7 million), while Strive scooped up 759 BTC.
-ETF Outflow Streak: Spot Bitcoin ETFs recorded their sixth consecutive week of net withdrawals, damping retail market excitement.
Analyze Driving Macro Catalyst News
-Geopolitical Relief: Progress toward a 60-day U.S.-Iran peace roadmap has successfully unblocked the Strait of Hormuz.
-Safe-Haven Deflation: The resolution of Middle East military friction removed the immediate "crisis premium," stalling Bitcoin's momentum as global capital rotates back into tech equities.
-Impending Data Clusters: Investors are sitting on the sidelines ahead of Thursday's critical U.S. Core PCE inflation print to gauge the Federal Reserve's next policy moves.
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