Bitcoin Could Clear $65K with Passage of Clarity Act
A recent tweet from @CryptoKing4Ever suggests that Bitcoin's price may exceed $65,000 once the Clarity Act passes. As of July 29, the current price of BTC sits at $63,927.71 within the Bollinger Bands, with an upper resistance level at $65,607.55.
The Exponential Moving Average (EMA)50 is currently at $64,440.55 and caps any potential upside in price, while the EMA200 at $63,901.99 provides immediate support to the market.
According to technical indicators, the Relative Strength Index (RSI) shows neutral momentum with a reading of 45.88, but the Moving Average Convergence Divergence (MACD) golden cross at -211.46 hints at building strength in the market.