BTC Trading Volume Surges 94% — Will the CLARITY Act Be the Trigger?

Konam

@konam

Bitcoin's daily chart shows a massive surge in trading volume of over 90% compared to recent levels, signaling a potential break from the sluggish sideways movement. Technical indicators are also showing positive signs of shifting from a downtrend to an uptrend, suggesting that the market is entering a transitional phase to move past its long period of stagnation. Meanwhile, as the U.S. political sector pushes forward with the legislative process for the CLARITY Act to increase regulatory clarity for cryptocurrencies, this institutional catalyst appears to be injecting new energy into the market.

The expectation that institutional uncertainty could be resolved is a critical turning point that may attract further inflows from institutional investors. However, some raise a note of caution, arguing that this volume spike is merely a temporary rebound triggered by short-term positive news and does not necessarily guarantee long-term structural market change. Indeed, the alignment of key moving averages is not yet fully confirmed, meaning more time is needed to solidify an upward trend.

For the bullish scenario to gain momentum, BTC must decisively break through and hold above the short-term resistance level of $65,500. If it fails to clear this hurdle or quickly retreats below key price zones, the breakout attempt will be nullified, and the market is likely to fall back into a tedious range-bound trend. For now, the priority is to watch whether it can settle around the $65,500 mark and maintain its trading volume.

No comments yet.