Bitcoin traders eye a possible move higher as short-term selling pressure fades and the CLARITY Act vote boosts crypto market focus.
Bitcoin (BTC) traders expected a quick move toward $90,000 after the upcoming CLARITY Act vote on Thursday, as improving market conditions and easing short-term sell pressure support an upside move.
Bitcoin has traded around the $80,000 level over the past week, while the 200-day exponential moving average (EMA) remains key overhead resistance. More than $3 billion in leveraged long positions are clustered between $79,000 and $78,000, suggesting BTC could briefly retest that range before attempting another breakout above the 200-day EMA.
Read more
If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.
If you want to read more News articles, you can visit our General category.
