In this video, we break down Bitcoin on the 4hr & 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 >>
On August 17, 2026, Bitcoin is trading between $62,716 and $63,717, holding just above the $63,300 mark. The cryptocurrency briefy crossed $64,000 during early Asian trading hours before pulling back. It continues to face resistance due to a mix of macroeconomic pressures and slowing investment vehicle flows.
Buy Bitcoin >>
Bitcoin Insights Today
-ETF Outflows & Equity Competition: Spot Bitcoin ETFs recorded a net outflow of $389.7 million last week. This represents the largest outflow in six weeks. Analysts note that a roaring traditional stock market has diverted investor attention away from crypto toward equities.
-The Hormuz Standoff and Inflation Risks: Market participants are keeping a close eye on geopolitical developments. The 60-day US-Iran ceasefire is expiring today with no deal, causing shipping through the crucial Strait of Hormuz to drop by 90%. The resulting threat of higher oil prices risks keeping the Federal Reserve hawkish, capping Bitcoin's growth potential.
-JPMorgan Enters Bitcoin Lending: On a bullish institutional note, JPMorgan Chase has launched Bitcoin and Ethereum-backed lending. The bank now allows institutional clients to use these tokens as collateral to access dollar liquidity.
-Liquidity & Futures Warning: Analysts from CoinDesk warned today of a sharp liquidity mismatch. Bitcoin’s futures open interest stands at $48 billion, while spot trading volume is only $25 billion. This gap suggests a narrowing "exit door" that could trigger near-term volatility.
-Whale Liquidations: On-chain data tracking shows a prominent bearish whale was forced to trigger a stop-loss on 300 BTC today. This marks their fourth forced liquidation since August 5, leading to nearly $1 million in total realized losses.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
