Following the Clarity Act failure in Congress, BTCUSD fell under $75000. It hit a low of $74913 and is currently trading near $76162.
With about $450 million (ranging from $289–450 million depending on data source) pulled after the Senate's rejection of the CLARITY Act on September 15th, spot Bitcoin ETFs had their biggest outflows since late June. Led by large companies like Fidelity's FBTC and BlackRock's IBIT, along with Grayscale's GBTC, these significant redemptions wiped out recent inflows and helped to drive Bitcoin below $76,000. Rising Treasury yields and policy dissatisfaction, together with a larger market de-risking into macro headwinds, drove the outflows as institutional investors reduced exposure via the most liquid crypto vehicle amid increased regulatory uncertainty.
|
Technicals |
CMP -$76151 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$77485 |
CMP<55 EMA |
Bearish |
|
200- EMA |
$75339 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$72641 |
CMP>365 EMA |
Bullish |
|
800-EMA |
$71373 |
CMP>Value |
Bullish |
Major support: $74800/$73000/$69000/$67000. The pair is facing strong resistance around $77500. Any break targets $80000/$83000/$86500/$90438/$92500/$95000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-146.52 |
|
ADX |
Bearish |
Strength increase from 18.29 to 23.41 |
It is good to buy on dips $75000 with an SL around $70000 for a TP of $82800/$90400.
