In this video, I break down the latest Bitcoin price action to determine if the bear market bottom is finally within reach. I analyze the current market structure using Elliott Wave principles and time cycle data to forecast potential targets for the coming weeks. Video by More Crypto Online.
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Bitcoin (BTC) is trading at approximately $64,540 as of today, July 19, 2026, holding steady after a volatile week that saw it briefly cross the $65,000 threshold.
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Bitcoin Insights Today
-Massive Call Options Bets: Institutional traders have purchased roughly $2.5 billion in notional value of Bitcoin call options with a $70,000 strike price expiring on July 31. This heavy options volume serves as a major catalyst targeting a breakout past $72,000.
-The "Fed Factor": The macro focus is locked on the upcoming July 29 FOMC meeting. Following June’s cooling CPI data (which fell to 3.5%), futures markets show a 75% to 80% likelihood that interest rates will be held steady, mitigating immediate fears of an aggressive rate hike.
-Institutional Sentiment Shifts: BlackRock CEO Larry Fink noted that Bitcoin is showing "more stability" at its current threshold, while firms like Standard Chartered reiterated long-term targets of $100,000 by the end of 2026.
-Governance and Tech Updates: Debate is heating up over BIP 110, a newly proposed soft fork aimed at restricting data-heavy transactions on the network to prevent congestion.
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