Crypto
Bitcoin Soars to $71,519 on Clarity Act Catalyst
Bitcoin's price surged to $71,519 on August 20, 2026, as President Trump urged Congress to pass the Clarity Act. The bill aims to define whether cryptocurrency qualifies as a security or commodity and clarify jurisdiction between the SEC and CFTC.
The rally has moved past daily resistance at $71,547 and is now testing a critical inflection zone. Daily momentum indicators are in overbought territory, with RSI at 77.8, StochRSI maxed out at 100, and CCI at 333.2.
ADX at 34.8 confirms this is a real trend, not noise, but when RSI and StochRSI both hit extremes simultaneously, mean reversion risk rises. The last time daily RSI exceeded 75 in July, Bitcoin pulled back 12% over two weeks.