Bitcoin Elliott Wave analysis for 19 October 2026: Bitcoin is still in its correction from the 21 September high, but the decline looks like a 3-wave move inside a descending wedge, with bullish divergences on the RSI, so a bounce could come this week. Video by More Crypto Online.
Visit Trading Platform >>
We look at why the structure has changed since the July low, the $83,000 battleground, the 50-week SMA and the support around $75,000, the two paths from here, and the short-term levels that would signal a low. At the end, a viewer request: NEAR Protocol.
New to trading? Join iqoption for free educational materials, a risk-free demo account, and a low minimum deposit($20). Start your journey in the financial markets now!
Learn more >>
Bitcoin Insights Today
• "Black Monday" Jitters & Equities Correlation: Social media is trending with "Black Monday" concerns on the 39th anniversary of the historic 1987 Wall Street crash. A weekend dip in tokenized AI and chip-stock futures triggered $51.6 million in leveraged crypto liquidations, though BTC has rapidly rebounded.
• The Macro Headwinds: The broader crypto market faces pressure from macro factors, including Brent crude oil holding high at $109.86 amid the Hormuz crisis, rising U.S. Treasury yields, and an 18-month high for the U.S. Dollar Index (DXY). However, an 83% implied probability of a Federal Reserve rate pause in October is offering vital support to scarce assets like Gold and Bitcoin.
• Institutional Integration: Analysts from Galaxy Digital and QCP Capital highlight a "new reality" for Bitcoin. The asset is increasingly moving away from its early history of speculative, anti-Wall Street volatility and into a highly regulated, mainstream corporate allocation framework. QCP expects Bitcoin to consolidate firmly within the $80,000 to $90,000 range for Q4 2026.
Buy, sell, and store over 400 digital assets at one of Europe’s leading exchanges. Crypto trading and staking made simple!
Learn more >>
