In this video I break down the latest Bitcoin price action and what the recent drop means for the coming weeks. I analyze the current market structure using Elliott Wave principles to determine if the decline from the June high is reaching completion and how we are approaching major support levels. Video by More Crypto Online.
Visit Trading Platform >>
Bitcoin (BTC) is trading around $58,800, after plunging sharply to a 21-month low of $57,700 earlier today. The leading cryptocurrency faces heavy bearish momentum as it enters the third quarter of 2026 down roughly 0.6% on the day and over 21% for the month.
New to trading? Join iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!
Learn more >>
Bitcoin Insights Today
-MicroStrategy Selling Pressure: MicroStrategy announced a $1.25 billion Bitcoin sale program alongside a preferred stock financing overhaul, triggering severe market anxiety.
-Aggressive ETF Outflows: Institutional selling remains fierce; U.S. spot Bitcoin ETFs registered massive net outflows, including over $222 million exiting in a single session.
-Macro Risk & Yield Pressures: Expectations for higher U.S. interest rates and a stronger dollar are diverting liquidity away from crypto assets and toward traditional investments.
-Investor Rotation: Vast tranches of capital are exiting the crypto market to hunt yields in high-performing artificial intelligence stocks.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
