Tuesday, 22 September 2026

This is Where Bitcoin Could Form a Top

Bitcoin Elliott Wave analysis for 22 September 2026: focus on the $81,600 trigger as the first indication of a top. Video by More Crypto Online.

In this video we examine the current Bitcoin market structure using Elliott Wave to determine if a top has formed after the move from the July low. Our analysis outlines three primary scenarios, including a potential three-wave pullback into support or a more aggressive bearish forecast. We identify the key resistance and support levels that define the current setup and the price target for a larger correction. Visit Trading Platform >>

As of today, September 22, 2026, Bitcoin (BTC) is trading at approximately $86,309 USD (€75,567 EUR), extending a massive breakout that pushed the cryptocurrency to a fresh 8-month high of $87,363.

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Bitcoin Insights Today

-Massive Short Squeeze: The explosive move was supercharged by a violent wave of short liquidations. Over $769 million across the crypto market was liquidated in a 24-hour window, with short positions taking an 85% hit (~$647 million), led by $421.5 million in Bitcoin shorts alone.

-Record ETF Inflows: Institutional demand has hit an annual peak. U.S. spot Bitcoin ETFs pulled in a staggering $998.95 million in net inflows on Monday, marking the largest single-day inflow recorded in 2026, spearheaded by BlackRock's IBIT.Corporate Accumulation: MicroStrategy continues its aggressive treasury strategy, acquiring an additional 950 BTC (~$75.7 million). This brings their total corporate holdings to over 846,000 BTC.

-Macro Tailwinds: Broader market risk appetite was boosted as global crude oil prices fell back below the crucial $100 threshold to $98.49 a barrel amid signs of diplomatic de-escalation between the U.S. and Iran at the UN General Assembly.

-Regulatory Resilience: The sudden rally indicates that the market has fully brushed off last week's setback, where the U.S. Senate stalled the CLARITY Act crypto legislation alongside a Federal Reserve interest rate hike.

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