๐บ๐ธ White House advisor Patrick Witt says Democrats blocked the Crypto Clarity Act from a Senate vote last week.
Japan, South Korea, and Russia have already passed their own Clarity Act while Democrats are still delaying regulations.
ALL PEOPLE WANT IS CLEAR REGULATIONS.
BITCOIN MONTHLY ANALYSIS
Bitcoin closed July +7.32%, holding above the Monthly MA50 ($60,763).
The chart still follows its typical 1-year bear cycle, with 3โ4 months of sideways movement possible before the next bull run.
Key Levels
- Support: $57,748
- Resistance: $67,252 โ $74,000
Bullish Factors
- ISM above 54 (report due today)
- USโIran peace deal easing macro risks
Bearish Risks
- Bear cycle could continue until around October
- US stock market pullback
- Rate hike fears
Conclusion:
As long as Bitcoin holds the Monthly MA50 and Weekly MA200, this remains a historical accumulation phase.
Stay patient and manage your risk.