Bitcoin price targets $72.5K as Aroon favors sellers

Bitcoin price fell toward $75,500 after the U.S. Senate rejected the CLARITY Act, while bearish momentum and nearby liquidation clusters raised the risk of another decline before the Federal Reserve’s rate decision. Summary Bitcoin price traded near $75,940 after briefly sweeping the $75,350–$75,500 support area. The Senate’s 49-50 procedural vote left the CLARITY Act short of the required 60 votes. 4-hour RSI fell to 37.23 as BTC remained below the Bollinger Band midpoint. The daily chart places the next major Fibonacci support near $72,547. According to data from crypto.news, Bitcoin (BTC) price traded at approximately $75,940 at press time, according to the 4-hour chart. The price had recovered slightly from an intraday low of $75,350 but remained under pressure after the CLARITY Act failed to advance in the U.S. Senate. The procedural vote ended 49-50, leaving the proposed crypto market structure legislation 11 votes short of the 60 required to move forward. The setback weighed on digital assets and U.S.-listed crypto companies as traders reassessed the outlook for federal market rules. Derivatives amplified the initial decline. Approximately $771 million in leveraged crypto po...