In this video, we break down Bitcoin on the 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 $65,700 (€56,600), marking a 2% daily increase and reaching a two-week high.
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Bitcoin Insights Today
-U.S.-Iran Diplomatic Breakthrough: President Trump announced a tentative peace agreement and a 60-day ceasefire. The news includes reopening the critical Strait of Hormuz and unfreezing $24 billion in Iranian assets. This has fueled a sharp drop in oil prices, boosting investor risk appetite across equities and crypto.
-Macroeconomics & Inflation: Cool U.S. CPI numbers (+0.2% monthly core vs. 0.3% expected) have softened immediate inflation fears. Traders are now awaiting fresh policy cues from new Federal Reserve Chair Kevin Warsh to gauge future interest rate cuts.
-ETF Flow Reversal: After a bruising period in May and early June that wiped out billions in ETF assets, spot Bitcoin ETFs finally posted positive momentum. On June 12, they brought in $85 million in net inflows, helping stabilize spot demand.
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