In this video, we break down Bitcoin on the 1hr & 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.
"Start online trading with iqoption. Access stocks, forex, and crypto on a world-class platform. Sign up for a free demo account and master your tools today!"
Learn more >>
Bitcoin (BTC) is trading around $62,040 as of July 8, 2026, pulling back over 2% today after facing heavy resistance and a sudden shift in geopolitical risk.
Buy Bitcoin >>
Bitcoin Insights Today
-Geopolitical Shockwaves: Prices tumbled below the $63,000 mark after U.S. President Donald Trump announced that a tentative ceasefire with Iran was over. This raised fresh military concerns and sent Brent crude oil soaring near 6%, dampening overall investor appetite for risk assets.
-Strategy Inc. Sell-Off Absorbed: Michael Saylor’s Strategy Inc. disclosed a massive $216 million Bitcoin sale earlier this week. Analysts from Glassnode noted that the market completely absorbed this forced selling pressure without a major dip, highlighting solid underlying liquidity.
-ETF Flow Reversal: After a record-breaking $4.5 billion outflow in June, spot Bitcoin ETFs have turned green in early July, recently posting single-session net inflows of $221 million to $266 million led by Fidelity and BlackRock.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
