Bitcoin is encountering resistance at the $78,000 and $83,000 levels, according to Schwab digital assets strategist Jim Ferraioli. According to NS3.AI, these resistance points are influenced by active investor and spot Bitcoin ETP cost-basis levels. Ferraioli highlighted the CLARITY Act as a significant factor that could potentially shift the momentum in the cryptocurrency market. Additionally, CoinShares data revealed that there were $1.5 billion in U.S.-led inflows last week, indicating strong investor interest.
