In this video I break down the latest Bitcoin price action to determine if the current bounce is a sustainable recovery or a trap. I analyze the ongoing C wave structure and examine whether the market is building the necessary five wave pattern to confirm a meaningful low. Video by More Crypto Online.
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Bitcoin trades near $56,940 (€56,943) on August 19, 2026, pushing past $65,000–$66,900 earlier in the day. The recent upward momentum triggered massive short liquidations and fueled technical talks of a bullish inverse head-and-shoulders breakout targeting $76,000, alongside optimistic long-term commentary from figures like Anthony Scaramucci.
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Bitcoin Insights Today
-ETF Flows Resumed: U.S.-listed spot Bitcoin ETFs recorded notable inflows, including over $189 million on Tuesday and over $300 million total for the week. This signals a recovery in institutional confidence despite a prior six-week cooling period.
-Whale Accumulation Re-enters: On-chain data indicates large "whales" have actively broken their selling stagnation, accumulating roughly 43,000 Bitcoins valued near $2.75 billion as prices stabilized in the $60,000–$64,000 zone.
-Macro and Political Triggers: Traders are strictly eyeing the imminent release of the FOMC Minutes for clues on the Federal Reserve's September interest-rate trajectory. Simultaneously, crypto regulation sentiment fluctuates as the Senate's CLARITY Act encounters friction over specific presidential provisions.
-Technical Resistance: Bitcoin continues to slip slightly toward its critical 50-day Exponential Moving Average (EMA) near $64,370. Analysts note historic low volatility coils the asset, suggesting a decisive 30%+ breakout or breakdown magnitude in the coming months.
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