#CryptoClarityAct Here’s the latest on Bitcoin (BTC):

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📈 Market Snapshot

All‑time highs: BTC recently soared past $123,000, reaching new ATHs near $123,200 in mid-July before retreating into a consolidation phase below $120K .

Current range: Now trading in the ~$118K–$120K range, facing resistance at $120K–$123K, with support around $116K–$115K .

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🔍 Technical & On-Chain Signals

MACD & momentum: Technical indicators show waning short-term momentum—MACD hints at bearish shifts—yet the overall structure suggests a pause, not a reversal .

On-chain fundamentals: Metrics indicate continued strength with healthy network growth and liquidity, suggesting the bull cycle isn’t over .

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🏛️ Institutional & Regulatory Developments

U.S. “Crypto Week”: Congress is reviewing key bills—the GENIUS Act, CLARITY Act, and Anti‑CBDC Surveillance State Act—which aim to provide regulatory clarity and could catalyze institutional inflows .

U.S. strategic reserves: The U.S. government and states like Texas are considering or creating strategic Bitcoin reserves; the federal reserve now holds ~200,000 BTC .

Institutional trends: Bitcoin ETFs continue drawing large inflows—over $50 B this year—with BlackRock’s iShares Trust topping $80 B .

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💬 Analyst Perspectives & Price Forecasts

Bullish projections:

UK firm Finder forecasts BTC reaching ~$162K, settling near $145K by year-end .

Hashdex’s Gerry O’Shea expects BTC to hit $140K .

Deutsche Bank and others see potential toward $180K–$200K, citing regulatory clarity and inflows .

Skeptical voices: Glassnode warns $200K this year is unlikely without sustained volume . Robert Kiyosaki cautions that Bitcoin could be in a bubble and prone to a crash

🧭 Outlook Summary

Factor Implication

Strong fundamentals Network growth + institutional interest remain robust.

Technical consolidation Market in pause—could break out upward OR pull back.