Bitcoin survived brutal week of market shocks. Still, analysts are deeply split on what happens next.
Summary
Bitcoin held near $75,000 despite a Federal Reserve rate hike and the Senate’s failure to advance the Clarity Act, which traders had largely anticipated. The vote triggered $571 million in long-position liquidations and a temporary 10% drop in Coinbase and Circle shares. Analysts see bitcoin consolidating rather than breaking out, with $75,000 as a key downside level and $77,950–$80,000 as resistance. They say the bill’s failure prolongs regulatory uncertainty, though the SEC has issued a conditional exemption enabling eligible platforms to trade tokenized U.S. stocks. Views on the outlook remain mixed: some expect agency-led regulatory progress and eventual gains, while others await economic data and price action before calling a bottom.
