In this video, we break down Bitcoin on the 15m 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 approximately $78,525, down roughly 1.64% over the past 24 hours but holding onto an impressive 22% to 24% gain over the last ten days. Yesterday, Bitcoin surged to a three-month high, breaking past the psychological $80,000 mark and peaking near $126,000's historic frames before hitting localized technical resistance at $81,300.
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Bitcoin Insights Today
-The "Debasement Trade" & Bond Interventions: The primary macro catalyst is U.S. Treasury Secretary Scott Bessent's announcement that the government plans to at least double its planned Treasury bond repurchases. This has softened the U.S. dollar, heightening global currency debasement fears and pushing capital directly into Bitcoin.
-Institutional Inflows & Corporate Health: Spot Bitcoin ETFs are experiencing their most aggressive net inflows in 10 months. Furthermore, corporate proxy giant Strategy (formerly MicroStrategy) saw its massive 840,447 BTC stack swing heavily back into green as the market price scaled past their $75,385 average cost basis.
-Macro Risks to Monitor: Traders remain cautious ahead of impending U.S. monetary policy data releases. Elevated long-term yields and persistent energy-driven inflation continue to pose short-term downside risks, with technical support firmly established in the $75,000–$76,000 area if a steeper pullback materializes.
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