JUST IN: 🇺🇸 Senate delays Crypto Clarity Act vote until after summer recess.
And honestly, this is interesting.
A lot of bulls have been waiting for the CLARITY Act as one of the major catalysts for the next big crypto move.
But now the vote is delayed again.
It reminds me of what we’ve seen before with big crypto catalysts. Everyone starts pricing in a date, the market waits for it, and then suddenly the date gets pushed back.
So what happens now?
Personally, I don't see this as a bullish catalyst anymore. I think this delay can give sellers more room to push the market lower before the next big narrative comes back.
The bulls are waiting for the CLARITY Act.
I'm waiting to see what happens BEFORE it.
My view hasn't changed. I still believe Bitcoin needs to go lower, and I wouldn't be surprised to see BTC trading below $50K before this bigger cycle plays out.
Maybe the market gives the bulls the opposite of what they're waiting for first. 👀
Let's see.
$BTC
And honestly, this is interesting.
A lot of bulls have been waiting for the CLARITY Act as one of the major catalysts for the next big crypto move.
But now the vote is delayed again.
It reminds me of what we’ve seen before with big crypto catalysts. Everyone starts pricing in a date, the market waits for it, and then suddenly the date gets pushed back.
So what happens now?
Personally, I don't see this as a bullish catalyst anymore. I think this delay can give sellers more room to push the market lower before the next big narrative comes back.
The bulls are waiting for the CLARITY Act.
I'm waiting to see what happens BEFORE it.
My view hasn't changed. I still believe Bitcoin needs to go lower, and I wouldn't be surprised to see BTC trading below $50K before this bigger cycle plays out.
Maybe the market gives the bulls the opposite of what they're waiting for first. 👀
Let's see.
$BTC