In this video I break down the latest Bitcoin price action to determine if the current rally is a lasting reversal or a temporary correction. I analyze the BTC market structure across multiple time frames using Elliott Wave theory to identify the most probable paths for the weeks ahead, including potential resistance levels and the impact of the current macro climate. Video by More Crypto Online.
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As of today, July 20, 2026, Bitcoin (BTC) is trading at approximately $65,369, recovering from an early morning low near $63,765 to reach a one-month high.
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Bitcoin Insights Today
-Geopolitical and Macro Winds: Markets are actively digesting the economic strain of ongoing U.S.-Iran military friction and the resulting surge in Brent crude oil prices over $88–$90 a barrel. The heightened crude costs have revived broader market inflation worries, keeping a lid on risk-on momentum.
-The AI Stock Ripple Effect: A major weekend semiconductor sell-off—triggered by China's breakthrough Moonshot AI "Kimi K3" coding benchmark release—has left tech sector liquidity tight, directly impacting highly correlated crypto-asset price discovery.
-ETF Flows: U.S.-listed spot Bitcoin ETFs broken an aggressive 8-week streak of capital outflows, accumulating $273 million in net inflows over the past two weeks. While a positive pivot, institutional demand remains overall subdued.
-Bullish Long-Term Outlooks: Despite short-term congestion, financial giant Standard Chartered renewed its bold forecast today, predicting Bitcoin will target $100,000 by the end of 2026.
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