27.04.202614:13 Analisis Forex & Kajian: Future of CLARITY Act remains unclear

Bitcoin's price rose to $79,500 today, after which traders once again began actively taking profits, which brought the instrument back to more realistic levels. Meanwhile, the fate of the CLARITY Act, a bill intended to establish clear regulatory frameworks for the crypto industry, hangs by a thread, provoking intense debate among leading figures in the financial world.

Over the past weekend, Mike Novogratz, CEO of Galaxy Digital, said he was optimistic, believing the bill could pass final approval as early as May of this year and could possibly become law by the start of summer. Such an outcome would bring long-awaited clarity for market participants, potentially opening the doors to a much broader global audience interested in these new financial horizons.

However, Alex Thorn, head of research at Galaxy, takes a more cautious view. He rates the probability that the CLARITY Act will be adopted in 2026 at only 50%. Thorn warns that if the bill does not secure approval by mid-May, its chances of passage this year could fall sharply, leaving the crypto industry in limbo.

It is worth noting that recently US Treasury official Scott Bessent has increasingly called for the swift passage of legislation to structure the crypto market. His active stance underlines the importance that public authorities attach to regulating this rapidly evolving sector, with a view to ensuring stability and predictability for all participants.

Trading recommendations:

Regarding Bitcoin's technical picture, buyers are currently targeting a return to $79,100, which opens a direct route to $80,900, and from there to $83,100. The most distant target is the high around $85,600, breaching which would signal attempts to return to a bull market. In case of a decline, I expect buyers at $76,800. A drop below that area could quickly push BTC toward $75,000. The furthest target there would be around $73,100.

Regarding Ethereum's technical picture, a clear consolidation above $2,394 opens a direct route to $2,459. The most distant target is the high near $2,575, breaching which would indicate strengthening bullish sentiment and a return of buyer interest. In case of a decline, I expect buyers at $2,314. A return of the instrument below that area could quickly send ETH toward $2,228. The furthest target there would be around $2,162.

What we see on the chart:

- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;

- Green lines indicate the 50-day moving average;

- Blue lines indicate the 100-day moving average;

- Light green lines indicate the 200-day moving average.

A crossover, or a price test of moving averages, typically either halts the move or sparks fresh market momentum.