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Crypto

Bitcoin Plunges Ahead of Clarity Act Vote Amid Regulatory Uncertainty

Guavy AI Editorial Team
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BTC
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Bitcoin is testing its lower Bollinger support near $75,998.87 as it faces extreme volatility in the coming days, according to trader @CryptoMichNL.

The current price of Bitcoin at $75,754.27 has triggered a classic sweep of the lows just before Clarity Act approval, which is expected to bring regulatory clarity and potentially trigger a bull run.

The MACD death cross at -197.58 reinforces bearish momentum even as the RSI(14) at 33.98 sits neutral, setting up a potential sharp reversal once the Clarity Act is approved.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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