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07.01.2026 10:52 AM
CLARITY Bill nears finish line

While Bitcoin struggles to overcome the $95,000 mark—repeatedly bouncing back after failed breakouts—Senator Tim Scott said the US Senate will put the CLARITY bill on the structure of the crypto market to a vote as early as next week.

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The announcement injected fresh optimism into the crypto market. After months of uncertainty, investors sensed that a clear regulatory framework could attract institutional capital and lift BTC to new heights. That enthusiasm, however, should be tempered. The legislative process is full of nuances, and the passage of the bill would not automatically trigger an immediate capital influx. Much will depend on the specific provisions of CLARITY and how favourably they are received by large market participants.

The bill is intended to establish clear rules for the crypto industry in the United States. The House of Representatives approved the measure in July 2025. If the Senate passes the text without amendments, it would be sent directly to President Donald Trump for signature. No broad consensus has yet emerged. Democrats are pushing to require DeFi interfaces to comply with a range of rules that critics regard as excessive, and they seek to grant OFAC additional powers to counter illicit activity.

Only a day earlier, there were market rumours that the CLARITY vote might be delayed. Some experts now warn that passage of this key regulatory law could slip to 2027, with full implementation not occurring until 2029.

Trading recommendations:

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According to the technical picture for Bitcoin, buyers are targeting a return to $93,200, which would open a direct path to $95,000 and then toward $97,300. The farther target is the peak near $99,400. A breakout of that level would signal attempts to restore a bullish market. If Bitcoin falls, I expect buyers around $91,300. A return below that area could quickly push BTC toward $89,600, with a further downside target near $87,400.

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For Ethereum, clear consolidation above $3,280 opens a direct route to $3,372. The farther target is the peak near $3,474. Surpassing that level would strengthen bullish sentiment and renew buyer interest. If Ether declines, I expect buyers at $3,189. A drop below that area could swiftly send ETH toward $3,105, with a longer target near $2,997.

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.

Typically, a crossover or price test of these moving averages either halts market momentum or sets a new directional impulse.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2026
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