President Donald Trump signed the landmark GENIUS Act into regulation on Friday afternoon, capping a tumultuous “Crypto Week” that noticed Bitcoin navigate important volatility earlier than establishing new institutional legitimacy.
The stablecoin laws handed the Home 308-122 after Trump’s Tuesday evening Oval Workplace intervention with Republican holdouts rescued it from legislative limbo.
Bitcoin is at present buying and selling round $119,000 and has pulled again from its all-time excessive of $123,000, however maintains important help ranges, suggesting continued bullish momentum.
The breakthrough adopted an preliminary 196-223 defeat that appeared like the top.
Trump’s diplomacy secured a 215-211 procedural victory, clearing the trail for closing passage.
The GENIUS Act establishes federal licensing necessities for stablecoin issuers and explicitly prohibits the creation of central financial institution digital currencies.
Business executives hailed the laws as the start of a brand new regulatory period, which is predicted to speed up institutional adoption.
With Bitcoin forming flag consolidation patterns following current volatility, technical evaluation suggests the present pullback represents an accumulation alternative earlier than the subsequent leg increased towards $180,000 targets.
Flag Sample Consolidation Targets $181,040 Breakout
Bitcoin’s chart construction reveals development by means of ascending flag patterns which have persistently resolved upward all through the present bull cycle.
The current pullback from $123,000 to present ranges is forming one other flag consolidation throughout the broader uptrend.
Every earlier breakout was preceded by a significant upward transfer following a interval of consolidation.
The measured transfer projection above $150,000 represents roughly 35% upside from present ranges.
This technical methodology has confirmed correct all through Bitcoin’s bull run.
Key help areas have persistently attracted consumers throughout earlier pullbacks, suggesting that comparable dynamics could also be at play now.
Flag patterns inside sturdy uptrends usually signify continuation somewhat than reversal indicators.
Present worth motion means that Bitcoin is constructing momentum for an additional explosive transfer as soon as the sample is full.
Lengthy-Time period Holders Drive Wholesome Distribution Sample
Moreover, on-chain evaluation reveals that current promoting stress stems from holders with a tenure of 10 years or extra taking income, somewhat than a broad-based distribution.
These longest-term holders, who acquired Bitcoin at extraordinarily low costs, have been promoting after Bitcoin reached new highs above $120,000.
The promoting spike is substantial however seems contained to this particular age cohort.
Historic context proves revealing. Earlier main promoting from long-term holders occurred in March 2024, coinciding with a worth correction however in the end adopted by Bitcoin’s rally to new highs.
This sample suggests promoting stress will get absorbed by new demand with out derailing broader uptrends.
Present promoting stress is moderating based mostly on current knowledge. This profit-taking advantages long-term sustainability by transferring Bitcoin from early adopters to new individuals extra prone to maintain at present ranges.
BTC Hyper: Final Likelihood for $HYPER Presale Earlier than Window Closes
The passage of the GENIUS Act creates unprecedented regulatory readability, positioning Bitcoin Layer-2 options for explosive progress.
BTC Hyper’s $HYPER token presale has raised over $3.5 million towards its presale goal, with a couple of days remaining earlier than the presale window closes completely.
Early buyers are speeding to safe positions within the platform that permits immediate, low-cost Bitcoin transactions whereas unlocking DeFi capabilities.
The $HYPER token provides unique advantages, together with excessive APY staking rewards for presale individuals and governance rights within the upcoming DAO launch.
With federal stablecoin licensing now established, BTC Hyper’s wrapped Bitcoin performance turns into more and more worthwhile for institutional individuals in search of a regulatory-compliant Bitcoin utility.
The platform’s mainnet launch in Q3/This autumn 2025 will coincide with main change listings.
Time is working out for buyers to take part within the $HYPER token presale at present pricing earlier than the allocation sells out.
The submit Bitcoin Worth Prediction: Genius Act Turns into Legislation After Tumultuous Crypto Week – What’s the BTC Influence? appeared first on Cryptonews.