Bitcoin: Treasury Talks Advance Strategic Reserve

Bitcoin draws fresh buying after Coinbase CEO Brian Armstrong confirmed direct talks with the U.S. Treasury and Commerce Department to advance the Strategic Bitcoin Reserve, catching traders who had already priced in failure of the Clarity Act cryptocurrency regulation bill status.

Price action shows BTC holding the bullish structure above the 50-EMA support at $78716.32 with RSI at 62.96 still neutral, yet the MACD death cross at 944.14 warns of near-term consolidation before any test of upper Bollinger resistance at $83522.75.