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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As of today, September 1, 2026, Bitcoin (BTC) is trading at approximately $78,200 to $79,100 USD (~€67,167 EUR), continuing its upward momentum after capping off an explosive 24.95% surge in August—marking its best monthly performance in nearly two years.
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Bitcoin Insights Today
1. Institutional Inflows Reverse Year-to-Date Outflows - The massive institutional buy-wall seen throughout August completely flipped the script for 2026. From January to July, spot ETFs had experienced a net loss of $5.30 billion. The single-month influx of over $3.5 billion in August has officially erased that deficit, shifting the market dynamic as funds aggressively hoarded supply handed over by whales and long-term holders. MicroStrategy also capitalized on the momentum, adding another 4,603 BTC to its massive treasury.
2. Debunking the "September 1st Fork" Alarmism - Rumors circulating on social media regarding a major, disruptive Bitcoin hard fork scheduled for September 1st (tied to the old BIP 110 deployment timeline) have been confirmed as a non-event. Core developers closed the BIP 110 chain split weeks ago due to stalled mining and a complete lack of ecosystem support. Leading wallet providers like Ledger and Trezor have assured users that no action is required and funds remain entirely secure on standard SegWit, Taproot, and Legacy addresses.
3. Macro Headwinds: Stubborn Inflation and Oil Volatility - While technical structures look bullish, Bitcoin is facing severe macroeconomic friction. Global oil benchmarks have spiked, with Brent crude hitting $91.20 and WTI climbing to $85.00 amid rising geopolitical tensions in the Strait of Hormuz. Analysts warn that these soaring energy costs are keeping inflation sticky, which could force the Federal Reserve to maintain a hawkish tone during this month's meeting, potentially dampening crypto's momentum later in September.
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