Bitcoin: Pumps $2,750 on CLARITY Act Vote

Bitcoin exploded $2,750 higher as the Senate Banking Committee kicked off voting on the CLARITY Act, peaking at $82,000 and inflating its market cap by $55 billion in a frenzy of crypto market volatility. The pump reversed hard once the bill advanced to a full Senate vote, with BTC dumping amid regulatory uncertainty that echoes last year's HYPE-driven swings in Bitcoin prices. Traders now eye BTC price prediction models, questioning if this ties into broader crypto regulatory news pushing assets like <.

On the 4-hour chart, Bitcoin sits at $79,319.32 in a clear bearish trend, trading below the EMA50 resistance at $80,349.45 but holding above the critical EMA200 support of $77,210.53 that has capped downside in recent months. Momentum stays neutral with RSI at 42.03, yet the MACD's death cross at -164.24 screams bearish conviction, while price hugs the middle of Bollinger Bands—upper resistance at $81,998.35 capping any rebound and lower support at $78,537.45 offering a potential exhaustion point if sellers pile in, setting up a probable retest of that EMA200 floor before macro catalysts like the CLARITY Act vote dictate the next leg.