In this video, we break down Bitcoin on the 4hr 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 at $64,760.66 (approximately €55,846.95), marking a subtle intraday gain of 0.58%. The digital asset continues to consolidate tightly as macro drivers tightly control market direction.
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Bitcoin Insights Today
-Consolidation Range: BTC continues to trade in a defined corridor as institutional buyers balance out macro-economic headwinds.
-Profit-Taking: Recent intraday pushes toward higher resistance levels have triggered light waves of profit-taking among short-term traders.
-Broader Sentiment: Digital assets remain closely tied to traditional risk-on/risk-off behaviors, tracking global treasury shifts and liquidity trends.
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