In this video, we break down Bitcoin on the 4hr & 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 $63,042, marking a 1.25% decline over the last 24 hours. Heightened geopolitical friction in the Middle East has triggered broad market risk aversion, capping short-term upward momentum.
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Bitcoin Insights Today
-Geopolitical Tensions: Fresh U.S. military strikes on Iran over the weekend have sparked fears of prolonged disruptions in the Strait of Hormuz. This risk-off macro sentiment has pushed oil and bond yields higher, dragging down global equity and crypto markets alike.
-Leveraged Liquidations: The drop below the psychological $63,000 threshold triggered automatic closures of leveraged positions. Over $252.9 million in long-biased crypto positions were wiped out in 24 hours, compounding the intraday downward pressure.
-Corporate Treasury Shifts: Michael Saylor’s Strategy corporate treasury recently sold 3,588 BTC (worth ~$216 million) to satisfy dividend payouts and shore up corporate cash reserves. This activity has placed standard structural selling pressure on the market and highlighted multi-month discount pricing challenges among similar public digital asset treasury firms.
-Institutional Silver Lining: Spot Bitcoin ETFs recorded $197.4 million in weekly net inflows. This breaks a punishing eight-week streak of net capital redemptions, indicating that baseline institutional interest remains active beneath the surface volatility.
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