In this video, we break down Bitcoin on the Weekly, Daily, 4hr & 1hr 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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Bitcoin (BTC) is trading at approximately $67,129, down 3.71% over the past 24 hours and marking a 12% drop across the last seven days. The cryptocurrency reached a four-month low of $65,707 earlier today before staging a minor stabilization around the $66,000–$67,000 range.
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Bitcoin Insights Today
-The AI Capital Drain: A widening crypto-equity divergence is harming BTC. While global stocks push to all-time highs, massive capital raises—such as Google's $80 billion AI raise—are actively pulling institutional funds out of crypto and into high-flying artificial intelligence equities.
-Heavy ETF Outflows: Persistent net outflows from U.S. Spot Bitcoin ETFs are continuing to strip structural demand from the market, accelerating a broader shift into digital dollars and stablecoins.
-Massive Derivatives Liquidation: Over $1.85 billion in bullish crypto positions were forcefully liquidated over the last 24 hours, magnifying the downward spot price velocity. Falsified rumors blaming a MicroStrategy token sale initially fueled panic, though data confirms the drop was macro-drive
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