In this video, we break down Bitcoin on the 4hr 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) has sharply reversed, falling over 3% to trade around $81,800 to $82,500 after facing a stiff rejection at the $85,000 resistance level. This rapid correction has wiped out most of the gains accumulated earlier in the week.
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Bitcoin Insights Today
The sudden market downturn is being fueled by a combination of corporate tech earnings anxieties and intensifying macroeconomic pressures:
• Tech Earnings & AI Disappointment: Substantial AI infrastructure cost expansions reported by Tesla and Meta Platforms without definitive, short-term monetization paths sparked a wave of cross-market risk-off sentiment. Due to the deepening institutional correlation between digital assets and tech equities in 2026, cryptocurrency markets responded aggressively, seeing $1.04 billion in institutional net outflows immediately following the earnings calls.
• Geopolitical Flares & Energy Surges: Ongoing tensions in the Middle East have driven Brent crude oil prices above $111 a barrel. This spike has reignited global market fears regarding sticky inflation and prolonged higher interest rates, putting systemic pressure on high-beta risk assets like crypto and dragging major equity indexes down across Asia and Europe.
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