CLARITY ACT GETS HUGE ETHICS WIN! BITCOIN & ALTCOINS ARE ON THE MOVE!
July 21, 2026
AI Summary
5 min readBitcoin is trading back above $65,000 and the Clarity Act appears to have cleared a major ethics hurdle, with the White House reportedly agreeing to an ethics package that could finally push the bill through the Senate. Host Tony Edward, recording from the Money Show in Las Vegas, walks through the technical case for a market bottom, the political maneuvering on crypto legislation, and the accelerating institutional shift toward tokenization.
Technical signals point toward a potential bottom
Edward lays out a multi-frame technical case that the worst of the selloff may be over. On the weekly chart, Bitcoin has printed a bullish divergence — a pattern seen at previous bear market bottoms — and the weekly MACD has just flipped bullish with a confirmed crossover. The daily MACD shows bulls in control, and the RSI has room to run above the neutral zone. He cautions that if this is only a relief rally, Bitcoin could reject at the 200-day moving average around $70,000–$72,000 and wick back down to $50,000–$52,000 before establishing a true bottom. But he considers that scenario less probable than the bottom already being in.
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What you'll learn
- 1 (00:30) **Introduction & Episode Setup** - Tony Edward greets listeners from Las Vegas at the Money Show, discussing tokenization and previewing Clarity Act and market updates.
- 2 (01:31) **Bitcoin Price & Technical Analysis** - Bitcoin trades over $65k; Tony examines the relief rally and key technical indicators.
- 3 (02:56) **Bullish Confirmation Signals** - Weekly MACD just flipped bullish; stablecoin dominance shows bearish divergence; Wyckoff accumulation pattern suggests upside to 90k+.
- 4 (04:11) **On-Chain & Analyst Validation** - Blockchain Backer's analysis supports the thesis that the bottom is close or already in.
- 5 (06:24) **Jim Cramer Inverse & Market Sentiment** - Cramer turning bearish is seen as a contrarian bullish signal for the rally.
- 6 (08:25) **Clarity Act Ethics Breakthrough** - Eleanor Terrett reports the White House agreed to an ethics package for the Clarity Act, with language sent to Senate Republicans.
- 7 (12:14) **Patrick Witt Stays On Board** - Witt confirms his military training has been deferred, allowing him to see the Clarity Act through to the finish.
+ Full timestamped outline available in the app
Guests on this episode
Show Notes
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⏰ Time Stamps ⏰
00:00 Intro
00:45 Bitcoin analysis
07:38 Clarity Act ethics news
10:41 Russia crypto legislation
13:46 Tokenization news
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#ClarityAct #Bitcoin #Crypto #CryptoNews #Cryptocurrency #BTC #BitcoinNews #Ripple #XRP #XRPNews #Ethereum #EthereumNews #ETH #Solana #Solananews #money #investing #trading #Altcoin #Altcoins #Stable
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