Bitcoin: Gains 8% Despite Fed Hike and Senate Setback

Bitcoin advanced 8% over three days to $80896.72 even as the Fed and Bank of Japan raised rates while the CLARITY Act stalled in the Senate.

Price tested the upper Bollinger Band resistance at $79855.56 with RSI(14) at 78.57 flashing overbought conditions yet the MACD golden cross at 590.65 and price holding above both EMA50 at $77482.24 and EMA200 at $74748.91 kept the bullish structure intact on the 4h chart. A senior macro trader would note that with price testing upper Bollinger resistance while RSI signals exhaustion, a healthy retracement toward the 50-EMA support at $77482.24 appears probable before continuation higher. BTC absorbed multiple macro shocks without breaking weekly lows, echoing patterns seen in the prior six months where resilience preceded further upside.