BITCOIN Breakout Level Set!! Crypto CLARITY Date Just Dropped!

Added: 2026-05-05

[00:00:00]What is up everyone? Welcome to Crypto Capital Venture. Just last night, Bitcoin on the weekly chart closed a green candle above the 20week moving average. It's a massive move on the zoomed out macro for the end of the bare cycle, but it's not the move. It's not the bull confirmation move that is over here on the daily chart. And that's a chart that I want to break down in trying to locate the bull confirmation, the bottom of this bare market. And we're actually going to use in this video the top of the last bull market to kind of get a sense of what needs to happen on this daily chart for the Bitcoin bulls to get confirmation. There is good reason to be careful right now at very key resistance. This is all happening while it is essentially the last chance to pass the Clarity Act till at least 2030. And we might have a nice little timeline for the week for the month of May going into June. So, we're going to discuss these things. Hit the subscribe and like on the way in. So, before we break down the Bitcoin charts, I do want to just go over this. I saw this clip. This is billionaire Mike Novagrats just said President Trump will sign Clarity this June. What What is that timeline? Is it realistic? We've been faked out month after month after month since like basically 2025. What's behind this timeline? Check this clip out and then we'll discuss if it's realistic or not.

[00:01:27]>> Him and and Tillis wanted a little more time uh just to hash things out with the banks, but there's been a compromise between the banks and the crypto guys.

[00:01:37]That's going to be okay. Um and so this is going to get done. It probably gets done in May. Uh I would say first week of May is when it goes to the committee and then you know soon after Trump will be signed on this thing in June.

[00:01:51]So that's Novagrats speaking and what he's saying whether it comes, you know, comes to fruition or not, we'll see. But what he's saying, it absolutely does make the most sense. And let me explain why. So if we just look at very recent weeks, what's been culminating? So this is our last chance to pass a Clarity Act until at least 2030. Senator Lumis recently said there's now bipartisan support for Congress to advance crypto market structure. legislation. This is coming after just weeks and weeks of disagreements about stable coin and all that, you know, all the yield issues and everything. With midterm elections approaching on November 3rd, it's critical that the Clarity Act moves forward. Now, on top of that, you might have seen that. Here's what's going on.

[00:02:38]Blockchain Association as CEO says anonymous anti-crypto sources can say what they want. Clarity Act still aligned. This is coming from Blockchain Association. If anyone is in the know in terms of what the talks like what the talk the talks are looking like it's the blockchain association CEO. So she joined White House crypto adviser Patrick Wit in pushing back against anonymous anti-clarity act narrative.

[00:03:03]She says the reality is that a bipartisan Congress, a pro- crypto White House and the crypto industry are all aligned around the Clarity Act.

[00:03:13]Everyone's all aligned. Everybody, this is summer over here at Blockchain Association. Now, to bring all those things together, the biggest point that I want to make is when we saw Brian Armstrong just weeks ago flip in terms of what he's putting out there publicly. He reposted, and I know you might have seen this, Treasury Secretary Scott Bessant, which was basically he was calling for the Clarity Act to get to President Trump's desk.

[00:03:43]Brian Armstrong said, "We agree. Needs to get done. It's time to pass the Clarity Act." He wouldn't be saying, "It's time to pass the Clarity Act unless there was some type of agreement." Grateful for all the bipartisan work among senators and staff over the past several months to make this a strong bill. So, all of the sudden, Brian went from disagreeing, no deal, we're not on the same page to this, right? And this was weeks ago. So, we need to allow a little time from when this happened, which was just weeks ago, for this to play out. And this is why what Novagrat is saying makes most sense. Maybe mark up the beginning of May, which is literally like next week, could be next week, and then it gets to Trump's desk by June. This is very realistic timeline. But again, this is by June. November is right around the corner. If this does not get done, the window is absolutely closing and it is it very well could just be extended to 2030. So let's let's pivot to Bitcoin and talk about the move. So one thing we've been watching is Bitcoin at the 20week moving average and we actually got the close, right? The close above the 20 is important because if you've been seeing the the bare fractals from 2022 bare markets, right? This resistance at this 20week moving average is what kind of keeps putting it lower.

[00:05:08]The thing I want to point out to you is even if you go back to that fractal, you can see there was a weekly close above the 20we right here and then boom, we fell into really the bottom of the bare market the next week, right? So, how can we distinguish the difference? Because we have we do not have we did not have first off enough ex like extension away from the 20week moving average here to get any type of weekly confirmation. And it's nice to see the candle close above the 20we. But it's the same thing here.

[00:05:37]There's not enough power or extension above the 20week moving average. So what can we do? We can we can use the daily chart because that's where the structure is really forming. And that's what I want to do in this video. What I first want to point out to you and and visualize with you is this. We're trying to identify a flip of macro momentum.

[00:06:01]That is the reversal from a bare market to bull market for Bitcoin and crypto.

[00:06:06]Here is the bull market high of last cycle. What I want to point to your attention is this. We topped out and you can see the 20 falling below the 50 there and then just Bitcoin falling and then pulling back to the 200 and then continuing into that bear. Right? Check this out. When I do this, I just flipped it. So there's a bull market 2021.

[00:06:28]Here's a bull market flipped 2021 bull market flipped. It looks like a bare market. Now, the reversal and this is what we're looking at now on this chart because here is what we're trying to identify is the bottom. The reversal and the momentum flipping that we're looking for is is going to be identical and the indicators that we're looking for identical to this. Again, this is the bare market of 20 or the bull market of 2021 inverse. And here's what we're looking the 20 above the 50, the break. You see Bitcoin making a move to the upside support, higher highs and higher lows. It revisits the 200 and then it continues into the bare market.

[00:07:09]And I know I know it looks like it's going into a bull market, but again, this is the 2021 top right here inversed upside down. But we're doing that because tops and bottoms and the momentum flipping, they work pretty much identically. So if we go to the Bitcoin chart now, that is exactly the picture that we're looking for. And this is where we can start getting some confirmation. We are at the early innings of this. We have to be very careful for Bitcoin. The bulls get very excited in moves like this. And at the same time, if we're being fair, the uh if I can find my brush, the bears get very excited in moves like this. So bull's excited now. We're at resistance.

[00:07:49]We're at resistance from a trendline perspective. These higher highs that Bitcoin is at. And we have to just wait to see what Bitcoin does. $80,000 to $81,000 break for Bitcoin on the daily would be a huge deal for the bulls. But I want to point to your attention, the 200 is right here, 84,000. So why is that relevant? Look at this. If we go back again to this fractal back here, right?

[00:08:17]Not only do we need to flip the 200, we need to put it into put it in as support to really confirm a new trend, right?

[00:08:25]And look, we're still I mean that's 84,000. We need a move to 84,000 above 84 or 84,000 and then we need to start testing all these moving averages for support. So to put it very simply, what does that look like? I mean, check it out. exiting any type of bare market, that's what happens. And it's a stepping stone. It's a story that plays out amidst a lot of volatility. This is what it looked like at the bottom of 2022.

[00:08:55]Break above the moving averages, finally break above the 200, and then it starts flipping everything as support, right?

[00:09:01]That's what we want to see. That is what bull markets look like. It's breaking above moving averages and staying above moving averages. not even bull markets, just short-term upswings that aren't even in these high liquidity, you know, expansion type of environments. So, right now, if you look at Bitcoin, you can just see we're we're kind of at the early innings of that move. So, we have resistance obviously at the trend line, 8081,000, but the 200 day moving average as well around 85,000 84 to 85,000 is equally as important. We might get rejected right now. And that isn't to say the macro bears should celebrate and just bare market for months and months.

[00:09:41]We're not going to bottom until October.

[00:09:43]Even though you'll start seeing that narrative, I I I see the narrative has very much cooled down because of this move. The bears have gotten quiet. But if we start falling again, here's what I'm watching for. 20 and 50 day moving average support would be the most bullish and that is around $71,000 to $75,000.

[00:10:04]the lower trend line, it sits around $68,000.

[00:10:08]This game of bears getting all hype and then bulls getting all hype, this can just continue and bounce around like for a while, right? Going into May, going into clarity decision. But besides that, I do want to point out something that is I think very important in terms of support. I use it a lot for failsafe support areas and it's the Fibonacci.

[00:10:28]The swing low here to the current swing high, we have a Fibonacci support. Even if Bitcoin falls out of this channel that it's in, this this higher high, higher low channel, this area of support, 67,000 to $64,000 is an area I'd be I'd watch if all of a sudden crypto starts capitulating. If Bitcoin can see support here, start putting in more structure, could pop right back into this uh channel, and again, we might be right back into this story of volatility, unknown, uncertainty, bulls versus bears, everybody guessing, everybody doing videos from all these different perspectives. However, one thing that is sound is the structure.

[00:11:08]the structure of bull market highs, the structure of bare market lows, and the momentum that makes up all of these moves. The thing is, even on the daily chart, patience is required. Patience is required to wait for bullish confirmations or bearish confirmations.

[00:11:24]And that's kind of where we are right now, right? We're just in this weird trend of guessing. Is the bottom in? Is the B breakout confirmed? And you can't really answer either one right now. The breakout certainly is not confirmed. And we need to be very careful and kind of watch mindfully this area, this trend line. Bitcoin starts breaking out above this trend line approaching the 200 uh day moving average around 8485,000.

[00:11:52]That's going to raise a bullish eyebrow very quickly and we'll monitor that and track it. However, let's track resistance as well and watch these support areas for Bitcoin. And that's what I'm going to be doing as we monitor Clarity Act, as we monitor what the Fed is saying, as we monitor PMI print next week. There is so much that could play into as we monitor Middle East, everything that's going over there on over there. Oil, there's so many moving parts to this that could flip this Bitcoin chart into a breakout or into rejection very quickly. So, be careful, be ready, and let's just anticipate every single scenario. I appreciate you watching the analysis today. If you got any value from this video, please subscribe. I would love to have you on this crypto journey as I think we start a new cycle soon, a bull cycle. And if you got any value from this content, please smash that like. That helps me a ton as I continue to grow this video. I will see you all in the next video. Have a good day and God bless.