Senate Clarity Act Update Sends Signal to Bitcoin Traders

The Senate's CLARITY Act update has provided clarity on crypto legislation in the US, sending a signal that could impact the price of Bitcoin. According to a briefing from @AltcoinDaily, institutional flows from Citi Bank and Western Union have been influencing the market. On the charts, Bitcoin is currently trading at $64,658.3 within its Bollinger Bands on the 4h chart, testing upper resistance at $65,030.94.

The EMA50 and EMA200 act as support layers for Bitcoin's price, while the MACD golden cross confirms bullish momentum. The RSI is neutral at 61.47, indicating a measured push higher before any potential retracement to the 50-EMA.

This setup aligns with ongoing crypto regulatory clarity debates and BTC price prediction models tied to the potential passage or failure of the CLARITY Act.