We provide a Bitcoin Elliott Wave analysis for September 11, 2026, focusing on the $83,000 resistance level as the key to a potential trend breakout. Video by More Crypto Online.
In this Bitcoin Elliott Wave analysis, we evaluate the current consolidation and the requirements for an upside breakout. We emphasize that while price remains below the May high, the structure favors further upside as long as pullbacks remain three wave moves. Our forecast highlights $83,000 as the critical resistance that would shift the market into a new phase of higher highs, with secondary targets identified at $86,000 and $92,769.
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Bitcoin (BTC) is trading around $77,600 to $78,600 today, September 11, 2026, experiencing heightened volatility. The asset experienced a brief morning drop below the $77,000 mark down to a local low near $76,535 before pushing back up past $78,000 later in the day.
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Bitcoin Insights Today
-Hotter Macroeconomic Data: August inflation data came in higher than expected. The Producer Price Index (PPI) surged to 5.4% annually, reviving aggressive fears of a Federal Reserve interest rate hike at next week's meeting. Over 69% of analysts now expect a rate hike. Higher interest rates act as a massive headwind for non-yielding assets like cryptocurrencies.
-Geopolitical Flares & Oil Surges: Ongoing tensions in the Middle East—specifically a volatile conflict involving Iran—drove Brent crude futures above $100 per barrel for the first time since May. The surge in energy costs is stoking broader stagflation fears, pulling capital away from high-risk assets like crypto and tech stocks.
-ETF Redemptions & Liquidations: Institutional momentum took a hit this week as U.S. spot Bitcoin ETFs registered $450 million in net outflows over a three-day span from September 8–10. Simultaneously, a cascading wave of $94.96 million in leveraged long liquidations over 24 hours worsened the morning's downward price pressure.
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