CoinScoopBitcoin (BTC) Faces Resistance at Weekly MA50
Bitcoin is struggling to maintain momentum below $80,000 as it tests the weekly MA50, a critical resistance level. Analysts suggest that while $78,500 has been breached, it lacks confirmation as support, with $71,000 remaining a key reference point. Meanwhile, the CLARITY Act (US digital-asset market-structure bill) is under Senate review, and the Federal Reserve is expected to make a policy decision on September 16.
Summaries are written by AI from the original article. Not investment advice.