Bitcoin Price Prediction Hinges on Institutional Accumulation and CLARITY Act Delay
The Bitcoin price prediction is now dependent on two key catalysts: the delay in the CLARITY Act and Michael Saylor's hint that Strategy may resume buying.
Ash Crypto, an analyst, has compared the current situation to the BlackRock Spot ETF playbook from 2022 to 2024. He suggests that the repeated delays in the CLARITY Act may be giving institutions time to accumulate Bitcoin at lower prices before trillions of dollars in regulated capital can enter the market.
The Bitcoin price has already broken above the cup and handle neckline near $65,000, completing a pattern that formed from the June low near $55,000. However, the follow-through move is yet to arrive, with the price consolidating in the $64,000 to $65,500 range.
The 20-day EMA at $64,336 and the 50-day at $64,649 both sit just below current price and form the first support levels on any pullback. The 100-day EMA at $66,825 is the next meaningful resistance, followed by the 200-day at $72,195, which aligns closely with the $73,000 measured move target.