Bitcoin is stuck at $107k resistance as whales try to shake out retail investors. The Clarity Act, expected before Thanksgiving, will classify cryptocurrencies as commodities or securities, ending regulatory uncertainty. Once it passes, combined with Black Friday momentum, altcoins could surge into a new season.
The market is going to dump is exactly what these market makers are trying to convince you of. This is Bitcoin's price, and as you can see, we've been fighting this level for some time. Look at this level. Boom, boom. We've been fighting this $107 price level. But let's not forget about the regulation that's literally probably going to happen this month according to some very credible sources. The Clarity Act will release pretty much everything, guys. Listen to what I'm saying. If there's one thing that you can spend probably the next 8 hours researching is understanding and comprehending the Clarity Act. And you could also take the PDF from the official government website, put it into ChatGPT, really dissect it. But basically, as you can see right here, look, Coinbase CEO Brian Armstrong has opted for the committee to advance it by late November. So they're trying to get it done before Thanksgiving. And obviously we have Black Friday, right? And this is probably the biggest sales day for most businesses in America. So literally we have this launch of regulation and the hope purpose of the Clarity Act is to bring clarity to basically every crypto on the market. So they either be registered by commodities or securities. Every coin that you are currently seeing, if you go to CoinMarketCap, CoinGecko, every single coin will have its own category after this regulation goes through. Now the reason why that's important is because every coin on the market does not know how to build their coin. They don't. They're guessing, and there could be a chance they get sued by the SEC. And by the way, this has happened before. This has happened with XRP and many other coins. They just literally out of nowhere get sued by the SEC because there's no regulatory clarity. Projects don't know how to build. So after this goes through in combination with Black Friday, literally this month, we're gonna see— like, I, I really believe we're gonna see the momentum of the altcoin season. I believe the altcoin season already started, but we're gonna see the momentum aspect where all the coins go ballistic. And that's at the end of this month. Hold on to your bags. Do not let them finesse you. This is the exact thing they're trying to do right now. They're trying to get you out your bags. I'm telling you, this is a common tactic big whale traders do. They got— remember, just remember this: when it comes to rich people in this market, like really rich people, people playing with like, you know, $20 million trades, their goal is to extract value from you. That's the whole purpose. It's like a whole like War, a financial war. So they're trying to get people out of their bags so they could buy the coins cheap, and then when you know it's psychology, when it goes up, they'll sell it back to you. So don't get finessed. When this regulation happens towards the end of this month, we will see the fuel, the big boom behind the altcoin season, and this is when things are really about to get serious. This is a last hurrah. You better have patience. Patience pays in this market. If you move too quick, if you worry about the small things, little wins here, little wins there, and you miss the big picture, well, you know, all this work for nothing, right? So stay focused, stay patient. It's happening.
