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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As of September 16, 2026, Bitcoin is trading at approximately $75,942 (around €65,657), experiencing a sharp 2.8% to 3.3% intraday drop over the last 24 hours. The cryptocurrency has officially slipped below its recent trading range and under its True Market Mean of $76.7K, resulting in roughly $121.6 million in liquidations for long futures positions.
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Bitcoin Insights Today
-Anxious De-risking Ahead of the Fed Meeting: Traders are pulling back ahead of the Federal Reserve's upcoming interest-rate decision. Markets have heavily priced in a 90%–94% probability of a 25-basis-point interest rate hike, which would pull the target policy rate to a restrictive 3.75%–4.00% range.
-Institutional Outflows & Stalled Capital: The regulatory disappointment has triggered immediate institutional capital flight. U.S. spot Bitcoin ETFs recorded a massive $450.33 million in net outflows on Tuesday alone, halting a previous 27-day streak of steady positive on-chain inflows.
-Macro Correlation Breakdown: Interestingly, CoinMarketCap research indicates that Bitcoin has temporarily uncoupled from traditional assets. Its correlation to the S&P 500 fell sharply from 0.75 to 0.43, meaning typical equity-hedging strategies are proving unreliable as BTC trades purely on regulatory headlines.
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