In this video, we break down Bitcoin on the Weekly & 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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As of September 2, 2026, Bitcoin is trading at approximately $76,645 USD, experiencing a minor intraday decline of roughly 0.99% over the last 24 hours.
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Bitcoin Insights Today
-Geopolitical Tensions: Retaliatory U.S. strikes targeting Iranian positions near the Strait of Hormuz have rattled broader global markets and risk sentiment.
-Macroeconomic Pressures: Rising sovereign bond yields—with the U.S. 10-year Treasury yield hovering near 4.78%—continue to tighten financial conditions.
-Interest Rate Fears: Hawkish signals from Federal Reserve leadership have pushed September rate-hike expectations higher, dampening the appetite for risk-on assets like crypto.
-Seasonal Headwinds: Traders have dubbed the period "Rektember," referencing historical trend data showing September is frequently a challenging month for equities and digital assets alike.
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