In this video, we break down Bitcoin on the Daily & 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.
"Start online trading with iqoption. Access stocks, forex, and crypto on a world-class platform. Sign up for a free demo account and master your tools today!"
Learn more >>
Bitcoin (BTC) is trading today around $79,100, capping off a massive 23% weekly surge that has market analysts declaring an official end to the "crypto winter". This explosive move marks Bitcoin’s strongest weekly performance since 2023, driven by macro liquidity changes, huge short liquidations, and renewed institutional interest.
Buy Bitcoin >>
Bitcoin Insights Today
-The Treasury "Operation Twist" Effect: The absolute primary driver of the rally was a surprise announcement by U.S. Treasury Secretary Scott Bessent. The Treasury plans to double its long-term bond repurchases, driving the 30-year U.S. Treasury yield down by 9 basis points. This boosted liquidity expectations and ignited a 7% one-day spike in Bitcoin as investors shifted capital toward scarce risk assets.
-Massive Short Squeeze: Crypto bulls have endured months of pain while short sellers controlled the market. The sudden macro-driven breakout forced a brutal short squeeze, liquidating billions of dollars in leveraged short positions (including one famous on-chain whale who suffered 14 consecutive short losses today alone).
-10-Month High ETF Inflows: Institutional demand has roared back. Spot Bitcoin ETFs pulled in a staggering $1.92 billion in net inflows last week—the strongest single week of ETF accumulation in 10 months.
-MicroStrategy's Pivot: Corporate giant MicroStrategy (MSTR) reported it holds 840,447 BTC (now worth roughly $65.8 billion). The firm recently shifted strategy by locking in a $1.6 billion cash pool, swinging back into heavy paper profits as the market broke upward.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
