Bitcoin (BTC) is at a crossroads. The bulls are having a hard time clearing the $80,000 level, and the bears are losing their grip as sentiment changes from fearful to neutral. Now, all attention is focused on where the price of Bitcoin will head with only two months left until the end of the second quarter. Up front there is a catalyst that the bulls need, and that is the law of clarity. Galaxy CEO Mike Novogratz says this will pass in June. But with not much clarity about this bill, could Bitcoin reach $90,000?
Novogratz expects the CLARITY Act to be approved in June
There have been a lot of people talking about when the Clarity Act will be approved. Now that the April schedule has been pushed back, May is the next month the focus shifts to. But with the odds declining, the target bar now moves to June.
Novogratz He says The Senators will be finished with CLARITY in May. But President Trump will sign it in June. His predictions may come true because Senator Thom Tillis said that he needs some time to solve the problems related to the stablecoin return. This is good for the price of Bitcoin.
Earlier, CoinGape reported similar statements made by Alex Thorn, a researcher at Galaxy. He had said there was There is a 50% chance of passing the CLARITY test this year. His position was more cautious than Novogratz said.
At Polymarket, traders there don’t seem to be affected by what Novogratz says about June. Here, the probability of this bill being passed in 2026 is 47%.
Since there is no clear timeline for when this cryptocurrency bill will be passed, there is now a gap in the market. Some want to buy because they are optimistic, but there are those who want to sell because they cannot see a turnaround soon.
Bitcoin price targets $90,000 as prospects for the cryptocurrency bill fluctuate
Even when the market was torn in the timeline around CLARITY, Bitcoin was on a certain path. Since the end of May, he has been making one gain after another. But these gains were small, which is why the price of Bitcoin has not exceeded $80,000 yet. Queen Gap Bitcoin price analysis He said this could happen this week.
Zooming out on the BTC chart to look at what happened before March 30 shows that what is happening may just be a rebound. This is what caused the double bottom pattern to appear. It also makes Bitcoin long term forecast positive.
The double bottom is often seen as a very good sign of where the price is headed. It can also show an estimated goal of where the race will finish. As in the case of Bitcoin, one can see that a recovery means the price could rise by 17%.
In terms of BTC crossing the resistance at $76,000, it means that if the upward movement continues, the price will reach $89,000, and closer to $90,000.
One thing worth noting here is that the ADX is on the rise. This is also another good sign because it shows that the trend that has been happening since the end of March is strong. This trend is an upward movement.
Therefore, CLARITY may be one of the best things to happen to the price of Bitcoin before the end of the quarter. But this is only true if there is no further delay and the bill is actually signed.
