BTCUSD: Clarity Act fails to advance. How bearish is this??
Bitcoin has turned bearish on its 1D technical outlook (RSI = 55.438, MACD = 0.042, ADX = 18.897) following Clarity Act's failure to secure the 60 votes needed to advance in the U.S. Senate. Since the market failed on three straight weeks of testing to cross over the 1W MA50, expect a strong correction aiming to fill the FVG of August's rally. That's technically the Support Zone of the whole 2026. That matches also the 1W MA200 (TP = 66,000).
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TITradingView Ideas15 Sept