In this video I break down the latest Bitcoin price action to determine whether we are witnessing the start of a wave 2 bounce or if the market remains trapped in a larger bearish structure. I examine the current wave counts on the smaller time frames, identifying key support and resistance zones that will dictate the trend for the remainder of the week and early next week. video by More Crypto Online
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As of today, June 12, 2026, Bitcoin (BTC) is trading at approximately $63,359.71, climbing back above the $63,000 threshold with a 3.4% recovery from yesterday's opening price.
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Bitcoin Insights Today
-Geopolitical Relief: The primary driver behind today's global market rebound across crypto and stocks is President Trump's announcement claiming an end to the military conflict with Iran. This sudden de-escalation sparked a distinct "risk-on" relief rally, lifting BTC out of a highly volatile week.
-Macro Conditions: Despite today's uptick, Bitcoin remains under macro pressure. Bond market traders are actively hedging against potential Federal Reserve interest rate hikes later in 2026. This shift is drawing capital away from non-yielding assets, leaving BTC down roughly 22% over the last month and over 40% down from one year ago.
-Liquidity Competitors: Crypto demand is seeing friction as global liquid capital heavily chases equity momentum, particularly the hype surrounding artificial intelligence sectors and mega-IPOs like SpaceX.
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