In this video, we break down Bitcoin on the 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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As of July 20, 2026, Bitcoin (BTC) is trading at $64,234.40, representing a mild intraday decline of 0.59% as it challenges stubborn resistance. The asset maintains immediate dynamic cushion, fluctuating between a 24-hour low of $63,765.35 and an intraday high of $64,991.34.
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Bitcoin Insights Today
-ETF Inflows Resume: Spot Bitcoin ETFs recorded their second consecutive week of net inflows, pulling in $75.7 million. This marks a major shift in market sentiment following a brutal June that saw a record $4.7 billion in capital flight.
-Bullish Derivative Bets: Whales are aggressively buying up $2.5 billion in call spreads on Deribit. Traders are targeting a $72,000 price point by July 31, aligning with the Federal Reserve's upcoming interest rate decision.
-Macro Headwinds: A flare-up in U.S.-Iran geopolitical rhetoric sent Brent crude oil past $91 a barrel. The threat of energy-driven inflation is keeping broader risk-asset gains temporarily capped.
-BIP-110 Upgrade Debate: MicroStrategy founder Michael Saylor publicly spoke out against the proposed BIP-110 software upgrade. He argued that the protocol modification poses structural risks, calling the "proposed cure more dangerous than the condition".
-Corporate Treasury Strength: MicroStrategy filed its latest 8-K showing it holds 843,775 Bitcoins as of July 20. Their aggregate crypto stash was acquired for $63.69 billion, keeping their average entry point at $75,476 per coin.
-Volatility Warning: The Bitcoin 30-day Implied Volatility Index (BVIV) dropped close to its historical 38% floor. Analysts warn that this compression tightly coils price action, historically triggering massive, sudden "volmageddon" breakouts.
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