In this video, we break down Bitcoin on the Daily, 4hr & 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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As of October 12, 2026, Bitcoin is trading at approximately $83,400 to $84,100. The cryptocurrency has experienced a mild recovery today, edging up roughly 0.6% to 0.9% over the past 24 hours following a choppy beginning to October that saw a 3% to 4% dip.
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Bitcoin Insights Today
• Corporate & Whale Accumulation vs. ETF Outflows: Institutional conviction remains highly polarized. Spot U.S. Bitcoin ETFs recorded significant pressure last week, seeing $681 million in net outflows. However, this selling has been countered by aggressive "whale buying"—with large holders accumulating roughly 15,000 BTC over the past 72 hours.
• The Saylor Effect: Michael Saylor's Strategy announced today that it purchased an additional 250 BTC for $21.5 million between October 5 and October 11 (at an average price of $86,194 per token). This boosts their total corporate treasury holdings to 848,250 BTC.
• Macro Headwinds: The broader crypto market continues to behave like a sensitive macroeconomic rates bet. Relentless strength in the AI trade, rising U.S. Treasury yields, and a robust U.S. dollar are keeping a tight lid on speculative assets. On the bullish side, today's drop in global oil prices—fueled by brief hopes of a Russia-Ukraine energy ceasefire—offered macro relief that helped trigger today's bounce.
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