Senate Advancement of Crypto Bill Sparks Fresh Bitcoin Momentum

Bitcoin trades near $80,671 as crypto market structure bill clears the Banking Committee and advances to the full U.S. Senate.

Bitcoin drew fresh market attention after the U.S. crypto market structure bill passed the Banking Committee and advanced to the full Senate, according to market reports.

Bitcoin traded near $80,671 on the Bitstamp daily chart, while traders watched key resistance near $85,000.

Crypto Bill Moves Toward Full Senate Review

The reported committee passage marks another step for crypto market structure talks in Washington.

The bill now moves to the full U.S. Senate for further review.

Market analysts are watching the process because the bill may shape future rules for digital assets. It may also affect exchanges, brokers, custody firms, and token issuers.

The bill has become a central topic across the crypto sector. Traders and analysts have linked the Senate move with renewed interest in Bitcoin and other digital assets.

Reports described the development as positive for crypto markets. However, the bill still needs more action before it can become law.

Bitcoin Price Recovers From Recent Lows

Bitcoin traded near $80,671 on the one-day Bitstamp chart. The asset was down about 0.50% during the session shown.

The chart shows a recovery from the recent $60,000 to $65,000 support area. Buyers stepped in near that zone, and price later moved back toward $80,000.

Bitcoin remains below its former range between $90,000 and $120,000. Because of this, the broader chart has not fully returned to a bullish structure.

A move above $85,000 would be important for short-term traders. A daily close above that area could support a push toward $90,000 and $95,000.

The $100,000 level may return as a market focus if momentum improves. However, price must clear nearby resistance before that area becomes relevant.

Support sits near $75,000 to $77,000. If that area fails, Bitcoin may retest the $70,000 region.

The larger support zone remains near $60,000 to $65,000. A break below that range would weaken the current recovery.

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Indicators Show Mixed Momentum

The daily RSI was near 58.13 on the chart. That level shows improved momentum, but it is not in overbought territory.

The RSI remains above the neutral 50 level, and this supports the current rebound. A move below 50 would show weaker buying pressure.

The MACD reading was mixed during the session. The MACD line stood near 1,538, while the signal line was near 1,734.

The histogram was slightly negative at about minus 196. This means price has recovered, but momentum has not confirmed a strong bullish crossover.

A MACD move above the signal line would give traders a stronger momentum signal. That setup would matter more if Bitcoin also breaks above $85,000.

For now, Bitcoin is in a short-term recovery phase. The Senate bill update has added attention, and the chart remains focused on resistance near $85,000.

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