Bitcoin Volatility Expected Ahead of Crucial Clarity Act Vote

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Bitcoin Closes Above 80k

Morning guys, and welcome to what looks like a promising week for Bitcoin!

Good news: we closed last week at 81k, above the key 79–80k resistance zone, a clear bullish signal. Right now, we’re seeing a slight pullback to test whether that former resistance can hold as support. If it does, we could see momentum build to the upside afterwards.

This week also brings an important date: on Thursday, the Banking Committee is set to vote on the Clarity Act, and it’s likely to pass. Polymarket currently puts the probability around 70%. That could act as another bullish catalyst, since the regulatory framework likely needs to be finalized before the midterms, otherwise it risks not being passed during this presidential term at all.

I’m expecting a volatile week, but if we get through it successfully, the odds that the bottom was already set at 60k rise above 50% in my view.

What do you guys think?

Reuters - Clarity Act Vote

hive-167922 ecency bitcoin hive
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8 comments
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Let's hope it's good news; it would be great if everything goes perfectly and the Hive also grows a lot, a lot, a lot.

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Hive will follow once BTC takes the lead. How far is still to be seen but we can expect double digit prices for sure (in Cents per Hive).

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Hi. Thanks for your report. I'm sorry, but I had to reject it.
If you would like to know why, I could explain it to you privately in Discord or OpenHive chat.

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