Whether you show what is within yourselves or conceal it, Allah will bring you to account for it. Then He will forgive whom He wills and punish whom He wills, and Allah is over all things competent.
- Al Quran 2/286
๐จ COINBASE ISSUES A WARNING TO THE SENATE
Coinbaseโs Vice Chair is calling on senators to pass the CLARITY Act ahead of Tuesdayโs vote.
His warning:
โ No new consumer protections
โ No new law enforcement tools
โ No new framework to fight illicit finance
The Senate has a choice: provide crypto with a clear regulatory framework โ or leave the industry in uncertainty.
๐บ๐ธ PASS THE CLARITY ACT. NO MORE DELAYS.
Will the Senate get it done? ๐
The next 6-12 months will be lifechanging.
Bitcoin is going to $150,000.
ETH will break $10,000.
SOL will reach $500
XRP will reach $15
SUI will reach $7.5
Altcoins will explode.
Patience ๐ค
๐จ BITCOIN COULD WIPE OUT BOTH SIDES OF THE MARKET
Everyone is waiting for $BTC to finally choose a direction.
But I think the next 2 weeks could be far more brutal.
First, the SHORTS get squeezed.
Then, the LONGS get wiped out.
My roadmap for the rest of September:
$77K โ $83K โ $76K RANGE โ $72K
A move toward $83K will have everyone shouting โBREAKOUT!โ
Then a drop toward $72K will have everyone calling for a โBEAR MARKET.โ
I think both moves could be traps.
Bitcoin is still trapped inside a range, and ranges are built to punish traders who become too confident too early.
$83K liquidates the shorts.
$72K liquidates the longs.
Then, in October, I expect the REAL bullish move to begin.
Donโt get emotionally attached to one direction here.
Let the market shake out both sides first.
Save this chart.
The next 2 weeks could be absolute chaos.
It is kinda CRAZY the way the mainstream media is talking about the CLARITY Act vote this week:
โBanks would shift TRILLIONS into this market overnight. Thousands of people, maybe even you, if you hold a little bit (of crypto), would become MILLIONAIRES OVERNIGHT.โ