In this video I break down the latest Bitcoin price action and analyse why the current market structure remains trapped within a corrective range. I examine the ongoing B-wave pullback, key support and resistance levels, and what Elliott Wave theory suggests for the next potential move. Video by More Crypto Online.
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On July 29, 2026, Bitcoin (BTC) is trading at approximately $64,300 to $64,500 (€56,190), bouncing back slightly with a 1.0% to 1.5% daily gain after hitting a 10-day low near $62,400 to $63,000 yesterday.
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Bitcoin Insights Today
-Fed Policy Watch: The entire crypto market is in a holding pattern ahead of the Federal Reserve’s crucial interest rate decision. While 70% of traders expect a pause at 3.50%–3.75%, around 30% are preparing for a potential surprise 25-basis-point hike championed by institutions like Citadel Securities.
-According to Yahoo Finance, “For crypto, I continue to view the Fed's messaging around financial conditions and inflation as more important than the policy decision itself,” noted Fundstrat's Sean Farrell.
-Geopolitical Volatility: Surging oil prices—driven by sudden missile friction involving U.S. forces in the Middle East—have triggered cautious hedging across traditional markets, stabilizing gold above $4,000 and providing complex macro tailwinds to Bitcoin.
-Institutional Redemptions: Bearish technical undertones persist, highlighted by $515 million in net outflows from U.S. spot Bitcoin ETFs over the last four trading sessions. Long-term holders are also moving coins to exchanges at near-record velocities.
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