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 slightly down today at around $65,500, showing subtle losses of 0.3% to 0.7% on the day as global markets absorb heavy macroeconomic and geopolitical developments.
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Bitcoin Insights Today
1. Geopolitical and Inflation ShockRising Energy Costs:
-WTI crude oil has surged past $90 per barrel amid escalating U.S.-Iran tensions and targeted tanker strikes off Saudi Arabia.
-Yield Pressure: Rising oil raises fresh global inflation fears. This has pushed the 10-year U.S. Treasury yield higher, increasing the opportunity cost of holding non-yielding assets like Bitcoin.
2. Institutional Activity & Industry ShocksInflow Streak:
-Despite the price stagnation, U.S. spot Bitcoin ETFs marked their seventh consecutive day of positive institutional inflows, locking down $68.99 million in net additions yesterday.
-BitMEX Shutdown: The pioneer of crypto perpetual swaps, BitMEX, announced it will permanently shut down all operations on September 23, 2026. This has sparked an orderly unwinding of leveraged open interest.
-Cross-Chain Exploits: Market appetite was muted after three separate cross-chain protocols suffered consecutive exploits today, resulting in over $35 million in stolen crypto.
3. Macro Sentiment & Floor SpeculationCycle Bottoms:
-Analysts at Grayscale noted that interest rates and macro growth are decoupling BTC from its classic 4-year halving cycle constraints. They suggest a long-term bottom may already be established if central banks pause rate hikes.
-Industry Sentiment: Coinbase CEO Brian Armstrong voiced similar structural confidence, reiterating that a modern floor of $60,000 will hold firmly, due to sticky institutional capital that won't panic-sell.
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