In this video, we break down Bitcoin on the 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.
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Bitcoin (BTC) is trading around $77,746 as of Thursday, September 3, 2026, marking a +0.54% increase over the past 24 hours. The cryptocurrency has successfully rebounded from a late U.S. trading session low of $76,400.
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Bitcoin Insights Today
-Active Investor Support: The price recovery materialized after buyers aggressively defended the $76,350 average cost basis of active investors. Whales were also noted capitalizing on the brief dip, accumulating over 6,700 BTC.
-Macroeconomic Headwinds: The broader financial environment remains restrictive. Global bond yields are rising, U.S. public debt has surpassed $40.1 trillion, and the ongoing U.S.-Iran conflict keeps oil prices highly volatile. This has strengthened the U.S. dollar index (DXY) to 99.68, historically a suppressive factor for crypto.
-Fed Rate Speculation: Traders are bracing for the upcoming mid-September Federal Reserve meeting. Odds of an interest rate hike have climbed near 66%. Tomorrow’s upcoming U.S. jobs report is expected to heavily dictate whether BTC can break back toward the $80,000 resistance level.
Institutional Inflows & Corporate Buying: Despite macro pressures, institutional backstops remain strong. Spot Bitcoin ETFs pulled in $217 million in net inflows, and corporate entities have actively added to treasury reserves—highlighted by a major acquisition of 4,603 BTC for roughly $369.7 million.
-Long-Term Sentiment: BitMEX co-founder Arthur Hayes reaffirmed a structural long position on Bitcoin in his latest newsletter, shifting focus toward broader global macro dynamics going into late 2026.
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