BTC Breaks $80K: Bear Flag Invalidated, Bull Case Strengthens

jfsrevg
05-05

BTCUSD (Update) 3-Month High, It was not a Bear Flag.

Previously highlighted the contrast between the late-2025 “bear flag” and the early Q1 2026 base forming off the $60,000 floor, with notably bullish divergence in relative strength in the latter. Spot has now reclaimed $80,000 for the first time since January 31, 2026. This is a position I have been building via ETF since early March.

$BTCUSD is only 3.8 x ATR% from 50-MA and less than 2 x ATR from its declining 200-MA. 200-MA can be recaptured as early as this week on its current price volatility.


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CLARITY Act Advances, Yet Circle Drops: Sell the News?
Circle slid 2.13% to $123 even as the CLARITY Act cleared the Senate Banking Committee — a landmark step for long-stalled U.S. stablecoin regulation — with prediction markets sharply cutting odds on final passage, triggering a classic "buy the rumor, sell the news" reaction. CLARITY Act enactment would provide a compliance framework for USDC and structurally benefit Circle's business model. Regulatory progress is a long-term positive, but near-term selling pressure has arrived — will you build a position in Circle on this dip?
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