Bitcoin: Lows Sweep Ahead of Clarity Act Vote
Bitcoin at $75754.27 eyes classic lows sweep before Clarity Act approval, with 4h chart showing bearish EMA50 resistance at $77766.93 and MACD death cross.
SourceAnalysis
Bitcoin faces a classic sweep of the lows just before Clarity Act approval, according to trader @CryptoMichNL, who expects the bull run to resume afterward amid extreme volatility in the coming days.
Price action at $75754.27 tests the lower Bollinger support near $75998.87 while the EMA50 at $77766.93 acts as immediate resistance above the EMA200 at $74461.68; the MACD death cross at -197.58 reinforces bearish momentum even as RSI(14) at 33.98 sits neutral, setting up a potential sharp reversal once regulatory clarity arrives and aligns with standard BTC price prediction scenarios that factor in pre-approval Bitcoin sweep of lows patterns.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast