$BTC The market moves before the official announcement. $70,000-$74,000 is very possible if the Clarity Act doesn't go anywhere. Plus there's the potential for interest rates rising by 25 bps this week.
If the Clarity Act is to fall, the crypto market will then rely on the SEC and CFTC to make clear rules and regulations, as they've suggested will happen if the Clarity Act stalls.
Clarity Act Passes: $82K-$89K next move
Clarity Act Fails: Breakdown to $68K-$74K before next major impulse
Ignore the short term noise, prices will inevitably go higher.
If the Clarity Act is to fall, the crypto market will then rely on the SEC and CFTC to make clear rules and regulations, as they've suggested will happen if the Clarity Act stalls.
Clarity Act Passes: $82K-$89K next move
Clarity Act Fails: Breakdown to $68K-$74K before next major impulse
Ignore the short term noise, prices will inevitably go higher.