In this video, we break down Bitcoin on the 1hr & 15m 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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On September 20, 2026, Bitcoin (BTC) defied its typical historical seasonal weakness by staging a robust recovery, hovering in the $80,000 to $82,000 range. Daily data from CoinMarketCap placed BTC within a tight 24-hour bracket of $80,099 to $81,911, marking a notable bounce-back from a mid-month low near $74,800. In terms of local European currency, the price moved from a daily low of roughly €70,087 to challenge higher technical resistance areas later in the week.
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Bitcoin Insights Today
• Weathering the "September Storm": Historically, September has been Bitcoin's weakest trading month. However, as of September 20, BTC was down a mere 1.5% for the month, positioning the cryptocurrency for its first quarterly gain in a year.
• Macro Headwinds vs. Crypto Resilience: The rally materialized despite extensive macroeconomic pressures, including consecutive Federal Reserve interest rate hikes, rising global oil prices, stalled domestic crypto legislation, and a strengthening U.S. Dollar Index (DXY).
• Traders Polarized on the Next Move:
--• The Bull Case: Strong institutional support—evidenced by asset manager Strive acquiring $335 million in BTC (bringing total holdings to 36,818 BTC)—and a strong rebound in equities fueled optimism for an immediate breakout toward $83,000 and $85,000.
--• The Bear Case: High derivatives leverage alongside massive spot ETF outflows—with Bitcoin and Ether ETFs experiencing combined weekly outflows of $549 million—prompted caution regarding the sustainability of the rally. Long-term whale activity also picked up, including a prominent 2013-era wallet moving $34 million in BTC.
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