In this video, we break down Bitcoin on the 15m 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 is trading at approximately $64,881 as of June 17, 2026, marking a 2.56% decline over the past 24 hours.
The primary catalyst for today's price weakness is market anxiety surrounding the Federal Open Market Committee (FOMC) interest rate decision, which is the first to be chaired by newly appointed Fed Chair Kevin Warsh. While macro indicators are improving, Bitcoin is experiencing short-term sell pressure as capital rotates into high-performing altcoins.
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Bitcoin Insights Today
-The Warsh Fed Debut: Markets have priced in a 97.4% probability that the Fed will hold interest rates steady at 3.50%–3.75%. However, prediction markets show the odds of a future 2026 rate hike have surged to 50.5%. Traders are heavily focused on Warsh's inflation guidance and the upcoming "dot plot" projections.
-Geopolitical Relief vs. ETF Caution: A tentative U.S.-Iran peace deal has successfully pulled global oil prices down to a three-month low. While this macro shift normally boosts risk assets, spot Bitcoin ETFs are recovering slowly from a devastating 13-day net outflow streak that drained $4.4 billion between May and June. Tuesday saw only mild inflows.
-Altcoin Rotation: Bitcoin is stalling and lagging behind traditional equity market relief rallies as liquidity temporarily rotates. Technical outperformance from altcoins like Uniswap (UNI)—which spiked over 22% on a bullish $100 long-term bank forecast—has captured short-term retail demand away from BTC.
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