"Interest Rate Cut and CLARITY Act are Dual Tailwinds" Bitcoin Expected to Enter Major Bull Market

▲ Bitcoin (BTC), US Dollar (USD) ©

As Bitcoin (BTC)'s key resistance level jumped from $72,000 to $78,000, the major bull market aiming to break the $80,000 mark is once again ignited.

According to cryptocurrency media outlet Watcher.Guru on April 23 (local time), Bitcoin, which struggled at the resistance level between $72,000 and $73,000 earlier this year, has recently formed a new resistance level around $78,000, building clear upward momentum. According to CoinGecko data, Bitcoin soared to $79,321 on April 22, bringing great relief to investors. It has recorded a clear increase of 4.2% over the past week, 9.9% over 14 days, and 10.7% over the past month, with this rally leading a broader recovery across the virtual asset market.

Behind this dazzling surge are favorable macroeconomic and geopolitical winds. Positive progress toward a potential nuclear agreement between the US and Iran has significantly eased geopolitical risks in the market. Furthermore, expectations for an interest rate cut in May 2026 and the potential passage of the US cryptocurrency market structure bill, the CLARITY Act, are intertwining, adding heat to the market. Experts analyze that these two major positive factors will act as key catalysts that could trigger another bullish market in the crypto space.

The massive influx of institutional capital is also firmly solidifying market confidence. BlackRock, the world's largest asset manager, recently continued its aggressive moves by acquiring an additional 3,352 Bitcoins. This brings BlackRock's Bitcoin assets to a staggering $61 billion, clearly demonstrating institutional investors' long-term conviction and strong demand for the leading cryptocurrency.

Experts diagnose that the rise in the resistance level to $78,000 is a strong signal that Bitcoin is gradually accumulating upward momentum. In the past, in the $72,000 to $73,000 range, the average purchase price of numerous holders was concentrated, leading to an extreme lack of demand to drive further increases, but the situation has now completely reversed.

Based on solidly accumulated buy-side demand, the leading cryptocurrency is continuing its fierce challenge to break the $80,000 resistance level for the first time since late January 2026. With positive macro indicators and strong institutional capital backing it, global investors are keenly watching to see if the market can reach a turning point for a full-scale bull run in the upcoming May.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*