Bitcoin: Hits $82,000 After Clarity Act Advance

Bitcoin blasted through $82,000 after the Senate Banking Committee advanced the Clarity Act, fueling a 3.6% spike in BTC over the last five hours and tacking on $58 billion to its market cap. The broader crypto market swelled by $77 billion in the same window, with $100 million in shorts getting liquidated as regulatory tailwinds ignite fresh hype. This move echoes the BTC price surge we saw last quarter when similar bills cleared hurdles, pushing Bitcoin toward new highs amid growing institutional adoption.

On the 4h chart, BTC trades at $80,536.37, hugging the upper Bollinger Band resistance at $82,033.69 while the lower support holds firm at $78,808.36, signaling contained volatility but room for exhaustion if buyers pause. With the EMA50 at $80,434.45 acting as immediate support and the EMA200 at $77,170.82 providing a deeper bullish floor, the golden cross on MACD at 18.0 confirms upward momentum, though RSI at 49.75 stays neutral—watch for a quick dip to that 50-EMA before resuming the grind higher, especially as crypto regulatory clarity draws in more capital and aligns with BTC price prediction models targeting six figures.