HIGER|May 07, 2026 01:56
The gap around 82000 has been filled.
Despite the U.S. stock market crash, the Israel-Hamas war, and the recent liquidity pullback, Bitcoin has still shown a certain level of independence and resilience.
As I mentioned before, even though Bitcoin has dropped 50% from its peak, it’s still holding above the previous bull market’s top, which is key to maintaining the basic structure of the bull market.
From this, we can consider that 60K is the bottom of this adjustment, and the so-called 'bear market' everyone keeps talking about is already over.
The phase target of filling the gap has been achieved. Now, let’s see where it goes next.
Currently, there are three major expectations in play:
1. The compromise version of the *Digital Asset Market Clarity Act (Clarity Act)*, a crypto market structure bill, has a high probability of officially passing in July;
2. The White House is currently building momentum for the next step in a 'strategic Bitcoin reserve.' Whether the U.S. government will actually allocate funds to buy Bitcoin is worth watching;
3. Walsh is about to officially take office as the Fed Chair, and cutting interest rates will be his main goal. Although there’s talk of balance sheet reduction, it’s clear that rate cuts are the priority.
One last thing: While Bitcoin’s market cap is still smaller than top AI companies like NVIDIA and Google, it’s precisely because of this that crypto’s potential seems even greater.
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