In this video, we break down Bitcoin on the 4hr & 1hr 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 near $65,000, experiencing a slight intraday pullback of roughly 1% over the last 24 hours. The cryptocurrency has shown strong macro resilience, absorbing global market shocks while trading within a tight consolidation range between $64,000 and $66,800.
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Bitcoin Insights Today
1. Decoupling From the Oil Shock - Despite Brent crude oil surging toward $97.66 per barrel due to ongoing Iran geopolitical tensions, Bitcoin did not experience a deep panic sell-off. Analysts from CoinDesk view this stability as an incredibly bullish sign of Bitcoin maturing into a resilient macro asset class.
2. Corporate Treasury Retreat Focuses on AI - Research highlights a structural shift in corporate crypto management. According to VanEck data, at least 20 public treasury companies have reduced or entirely exited their physical BTC holdings to clear corporate debts or aggressively pivot into AI infrastructure.
3. Options Traders Eye Volatility - Derivatives data shows a massive cluster of $5 Billion in open interest focused on the $70,000 and $72,000 call strikes on Deribit. This indicates options markets are aggressively positioning for a breakout later this quarter, despite short-term spot market pauses.
4. The CLARITY Act Catalyst - The wider crypto ecosystem continues to follow legislative progress closely. Goldman Sachs and U.S. leadership indicated that the Clarity Act is near the finish line, fueling institutional hope despite worries that it might slightly miss its window before Congress' summer break.
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