Bitcoin, the dominant force in the crypto market, is currently moving sideways near the $90,000 mark after its explosive rally ๐. With prices cooling off, investors are increasingly asking the same question: โWhat comes next?โ One of the key elements shaping market direction right now is the upcoming decision surrounding the U.S. Clarity Act ๐บ๐ธ.
The struggle to decisively move above $90,000 is being viewed by many as a temporary pause rather than a reversal โธ๏ธ. Analysts explain that this zone acts as a strong psychological ceiling, especially while large institutional players wait for clearer regulatory signals before making bold moves.
During a recent appearance, UPXI CEO Allan Marshall emphasized how crucial regulatory transparency is for cryptocurrencies to fully merge with traditional finance ๐ฆ. He believes that a clear and favorable ruling on the Clarity Act could remove lingering uncertainty and unlock a fresh wave of institutional capital ๐ฐ.
Marshall also pointed out that a positive outcome could fast-track Bitcoinโs push toward $100,000, while prolonged delays may encourage investors to lock in profits, triggering a deeper pullback ๐.
In the near term, market analysts expect Bitcoin to trade within a range of $88,000 to $92,000 ๐. Ultimately, the next major move will likely depend on U.S. regulatory developments and upcoming macroeconomic indicators ๐. #BTC #bitcoin
