Bitwise’s Matt Hougan says that post-October liquidation stability, the passage of the CLARITY Act and steady equities must happen before crypto hits new highs.
Bitcoin and select major altcoins are facing selling near their overhead resistance levels, but the pullback is expected to find support at the nearest moving averages.
Bitcoin’s liquidation map is still heavily biased toward downside liquidity, but a swift rally to $100,000 could quickly turn the tables in the bulls’ favor.