๐ Bitcoin Price Eyes $150K If GENIUS Act Passes
๐ $BTC is consolidating near $118,825, just below its $123,000 ATH. All eyes are on todayโs House vote on the GENIUS Act, which could act as the next catalyst for a major leg up.
๐ง Crypto Rover predicts BTC will hit $150K if the bill passes. He cites past surges after major events like Trumpโs election and the Big Beautiful Bill. Others are even more bullish โ BlackRock targets $700K+, and Ark Invest sees $2.4M long-term.
Odds favor passage today. Trump met with 11 of the 12 opposing Congressmen, and theyโve pledged support. If approved, the crypto market could ignite another rally.
๐ Technically, BTC remains above $110K, the top of a cup-and-handle breakout. The handle formed via a descending channel, while the price now sits above all major moving averages.
๐ The projected target? $144,500 based on the cupโs height โ and a breakout above that could pave the way toward the psychological $150K mark.
๐ If the GENIUS Act passes, BTC might not just retest its highs, but rewrite them.