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.
"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 >>
On July 5, 2026, Bitcoin (BTC) successfully broke through short-term resistance to trade at a two-week high above $63,000, opening at $63,089.06 and hitting an intraday high around $63,022 to $63,089. This price movement signaled a crucial steady recovery following sharp market sell-offs experienced earlier in the year.
Buy Bitcoin >>
Bitcoin Insights Today
-Inflow Reversal: The U.S. spot Bitcoin ETFs officially halted an 8-week streak of net outflows by pulling in $197 million in net structural inflows, renewing immediate spot market demand.
-Technical Reversal: Technical setups on July 5 validated a major weekly double-bottom support near previous annual lows. This printed a decisive bullish price action reversal bar.
-Macro Environment: The asset clawed back losses as fears of aggressive U.S. Federal Reserve rate hikes softened. This offset broader regional tech equity volatility and margin liquidation spillover.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
