Bitcoin (BTC) bulls made another attempt to reclaim the $80,000 level on Thursday, as traders expect price swings before and after the CLARITY Act vote.
The CLARITY Act, a proposed US bill that would set clearer rules for how regulators oversee the crypto market and stablecoins, is scheduled for a Senate Banking Committee markup vote on Thursday. Prediction market traders say there is a 67% chance that the CLARITY Act will be signed into law in 2026. If passed, it could clearly classify Bitcoin as a digital commodity under the Commodity Futures Trading Commission (CFTC) oversight, reducing legal uncertainty for the industry.
Analysts highlight key BTC price levels to watch. The support at $78,000 remains key for bulls, representing the short-term holder realized price and the true market mean. On the upside, the cost basis of investors who accumulated BTC during the November 2025-February consolidation period at $86,900 represents the most probable near-term resistance zone.
Some traders expect a quick move in Bitcoin price toward $90,000 following the CLARITY Act vote, supported by improving market conditions and easing selling pressure. Not all analysts were optimistic, with some saying the passing of the CLARITY Act is already baked into BTC price.