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BTC/USD: Ascending Triangle Pattern Points to More Upside

From dailyforex.com

Bitcoin price held steady above the key support level at $90,000 as traders waited for major events this week. The BTC/USD pair rose to 92,000, much higher than the November low of 80,400. Bitcoin price will have several key catalysts this week. The most important one is the upcoming markup of the CLARITY Act in the Senate. A mark up is a situation where a bill is debated and revised in a committee before it goes to the Senate for a full vote. The CLARITY Act was the second most important legislation passed by Washington after the GENIUS Act, which focused on stablecoins. It seeks to clarify the duties of the SEC and ... (full story)

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  • Category: Technical Analysis