Bitcoin slips to $76,600 ahead of CLARITY vote, FOMC
BTC fell to $76,600 over the weekend as traders looked to a breakout above $83,000 or a pullback, with a Sept. 15 CLARITY Act procedural vote and a Sept. 16 FOMC decision in focus.
Bitcoin eased to $76,600 over the weekend as traders watched for a break above $83,000 or another pullback ahead of this week’s CLARITY Act procedural vote and the FOMC meeting. Doctor Profit stayed constructive on Bitcoin’s broader recovery in his "Big Sunday Report" but said the token has yet to reclaim the 50-week moving average, which he sees as needed to confirm the next leg higher. The analyst compared Bitcoin’s current structure with the early-2023 recovery, when BTC made repeated attempts to clear its 50-week MA before eventually moving higher.
He said that does not mean Bitcoin will follow the same path, but it suggests repeated rejection at a major moving average does not necessarily undermine the broader recovery. Doctor Profit said a decisive move above $83,000 would reinforce the bullish structure and bring $88,000 into focus. He also said a slide toward $71,000 remains possible and would be the strongest support and a potential long-entry area. He said he continues to hold spot positions rather than trying to predict whether BTC.
Bitcoin is facing a busy macro calendar, with the Sept. 15 CLARITY Act vote serving as a procedural 60-vote hurdle rather than final passage for the crypto legislation. The Sept. 16 Fed decision is also in focus.
5% chance of unchanged rates. The analyst said much of the event risk is already reflected in markets and said he would prefer the Fed leave rates unchanged.