Bitcoin’s Drop Looks Like 2022 All Over Again
Bitcoin’s monthly chart is repeating its 2022 setup as the CLARITY Act stalls again in the Senate, with key support and volatility levels now in focus.
Under $78,000 is where Bitcoin ended up this week, and the timing wasn’t great, right as the Senate’s CLARITY Act vote hit trouble again. Something else caught traders’ eyes too, honestly, and it’s gotten more attention than the price drop itself.
That monthly chart? It’s tracing almost the same shape it drew back in 2022, right before the last bear market finally found a floor. Not nothing, that.
Same setup once already. Nobody wants to miss it twice.
Why Traders Even Care
Tuesday, Senator Cynthia Lummis said Democrats weren’t budging on the bill’s ethics language, not even after Trump agreed to a second round of concessions, apparently. “There’s nothing left to give,” she told reporters, per CoinDesk. September 15 is when the cloture vote landed on the calendar. Odds of passage dropped by more than a fifth in the hours right after, for what it’s worth.
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