In this video I break down the latest Bitcoin price structure using Elliott Wave analysis to determine if we are near a bear market low. I share the key support and resistance levels to watch as we head into the new trading week and explain why the current consolidation might be part of a larger corrective pattern. video by More Crypto Online.
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Bitcoin (BTC) is trading around $64,250 to $64,480, posting a modest 24-hour gain of roughly 1.1% to 1.6%. The cryptocurrency has recaptured the $64,000 baseline, stabilizing after a volatile first week of June that saw heavy liquidation cascades.
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Bitcoin Insights Today
-SpaceX Public Debut Infuses $1.2B Exposure: SpaceX surged 20% during its highly anticipated Nasdaq market debut. This has injected roughly $1.2 billion in indirect Bitcoin exposure into public equity markets, significantly boosting crypto investor sentiment.
-SEC Approves T. Rowe Price Crypto ETF: The U.S. Securities and Exchange Commission approved a crucial rule change allowing T. Rowe Price to list an active multi-asset crypto ETF. This structural catalyst has reignited institutional fund inflows.
-Geopolitical Macro Tailwinds: Sentiment lifted following reports of a looming US-Iran diplomatic agreement to secure global oil shipping routes through the Strait of Hormuz. This eased energy-related inflation fears and stabilized broader macro markets.
-Mining Difficulty Drops 10%: Bitcoin executed a massive automatic down-adjustment of -10.09% at block height 953,568. Triggered by lower-efficiency miners turning off their rigs after the late-spring price correction, this second-largest drop of 2026 reduces network difficulty to help miners remain profitable.
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