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 (BTC) is trading at approximately $62,818 as of 09:30 AM UTC on June 11, 2026, staging a modest 2.63% recovery over the last 24 hours. The premier cryptocurrency has managed to hold the line above the critical $60,000 support level after facing heavy selling pressure earlier in the week.
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Bitcoin Insights Today
-The SpaceX IPO "Liquidity Drain": Analysts note that the highly anticipated SpaceX IPO, aiming to raise $75 billion, is massively oversubscribed. Evidence suggests global institutional capital is actively rotating out of digital assets into equities to chase this historic public offering.
-Macroeconomic Reprieve: May's US Consumer Price Index (CPI) landed exactly in-line with expectations at 4.2%. Crucially, Core CPI beat expectations at 0.2%, easing immediate fears of hyper-restrictive Fed monetary action and giving BTC room for a minor technical bounce. Investors are now awaiting the upcoming US Producer Price Index (PPI) data.
-ETF Capital Flight: The minor price surge comes despite severe institutional headwinds; US-listed spot Bitcoin ETFs experienced $213.85 million in net outflows on Wednesday alone, bringing the monthly exodus close to $2 billion.
-Japan's Sweeping Crypto Bill: Japan's parliament is set to pass landmark legislation regulating cryptocurrencies like traditional stocks. The bill includes tax-lowering initiatives intentionally designed to foster long-term corporate Web3 growth.
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