🚀 Bitcoin Price Eyes Bulls as U.S. Crypto Market Structure Bill Draft Finally Drops
Bitcoin is holding steady near $105,000, showing resilience as optimism builds around the U.S. Senate’s new Crypto Market Structure Bill. The long-awaited draft aims to bring clarity to digital asset regulation — a move many believe could pave the way for Bitcoin’s next rally toward $110,000.
🔑 Key Highlights:
✅ Bitcoin eyes $110K target, supported by growing optimism after the crypto market structure bill release
✅ Draft bill gives CFTC greater oversight over digital commodities like Bitcoin, while the SEC handles securities
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$BTC holds near $105K, with strong resistance at $107,500 and support at $102,000
✅ MACD remains bullish, signaling potential continuation of the uptrend
✅ Chaikin Money Flow (CMF) at 0.11 shows steady buying interest, though not yet at peak accumulation levels
✅ The bill’s bipartisan leadership under Senators John Boozman and Cory Booker highlights strong political backing for regulatory reform
💡 Why it matters:
The release of the Crypto Market Structure Bill draft marks a turning point for Bitcoin regulation in the U.S. By assigning clearer roles to the CFTC and SEC, the bill offers long-awaited transparency and legal certainty to institutions and investors.
As the U.S. government moves to prevent a shutdown and foster economic stability, confidence in crypto markets is likely to strengthen — setting the stage for Bitcoin’s next major breakout above $107,500.
If momentum builds and regulatory clarity materializes before year-end, BTC could test $110K soon, signaling the return of bullish dominance across the market.
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