From TradingView · · 1m 30s
Bitcoin turns bearish as Clarity Act stalls
A crypto bill dies in the Senate and one trader says Bitcoin is heading for a deep retest.
In brief
A crypto bill dies in the Senate and one trader says Bitcoin is heading for a deep retest. The setup here is technical, not political: three failed tries at the 1W MA50 is what the bear call actually rests on, with 66,000 as the target. Originally reported by TradingView.
The bill that stalled
The Clarity Act failed to get the 60 votes it needed to advance in the U.S. Senate. Crypto's regulatory framework stays unsettled, and the chart reacted.
Daily outlook flips bearish
On the 1D timeframe, RSI sits at 55.4, MACD at 0.042, and ADX at 18.9. Weak trend strength, and the trader reads the combination as a turn to bearish.
“Bitcoin has turned bearish on its 1D technical outlook”
Three rejections at the MA50
Price tried and failed to cross the weekly 50-period moving average for three straight weeks. That repeated rejection, more than the Senate vote, is the real bear signal.
“the market failed on three straight weeks of testing to cross over the 1W MA50”
The gap it wants to fill
The call is for a strong correction down into the fair value gap left by August's rally. Unfilled gaps tend to act like magnets in this framework.
“expect a strong correction aiming to fill the FVG of August's rally”
Support at 66,000
That gap lines up with the 1W MA200 and what the trader calls the support zone for all of 2026. Target price: 66,000.
“That's technically the Support Zone of the whole 2026.”
Read the fine print
This is one trader's idea on TradingView, not advice. The same profile promotes a broker referral link and paid account management at plus 15 percent monthly.
What it means
The setup here is technical, not political: three failed tries at the 1W MA50 is what the bear call actually rests on, with 66,000 as the target.
