Bitcoin: Absorbs Five Bearish Headlines in One Week
Bitcoin holds above weekly open at $80961.43 after CLARITY Act failure, Fed and BOJ rate hikes plus DXY spike, echoing 2023 resilience patterns.
SourceAnalysis
Bitcoin absorbed five major bearish headlines in a single week yet closed above the prior weekly open, with the CLARITY Act failing in the Senate, the Fed and Bank of Japan both hiking rates, the dollar index reclaiming 100 and oil climbing. The same pattern appeared during the 2023 SEC enforcement wave when multiple lawsuits and ETF delays failed to force new lows, often marking durable bottoms. On the 4h chart BTC trades at $80961.43 inside a bullish structure above the EMA50 at $77484.78 and EMA200 at $74749.56 while MACD prints a golden cross at 595.81; price is now testing the upper Bollinger Band at $79877.33 with RSI(14) at 78.78, suggesting a brief pullback toward the 50-EMA support before continuation. This price action supports long-tail searches around BTC price prediction and historical Bitcoin support levels during macro shocks.
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