"Interest Rate Cut and CLARITY Act are Dual Boons" Bitcoin Forecasted to Enter Major Bull Market

▲ Bitcoin (BTC), US Dollar (USD) ©

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

According to cryptocurrency media Watcher.Guru on April 23 (local time), Bitcoin, which struggled at the resistance level between $72,000 and $73,000 at the beginning of 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, providing significant relief to investors. It has shown distinct gains of 4.2% over the past week, 9.9% over 14 days, and 10.7% over the last month, with this rally driving a widespread recovery across the virtual asset market.

Behind this spectacular surge are favorable macroeconomic and geopolitical winds. Positive progress towards 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 crypto market structure bill, the CLARITY Act, are combining to add heat to the market. Experts analyze that these two major positive factors will act as key catalysts to trigger another bullish market for coins.

The massive influx of institutional capital is also firmly solidifying market confidence. BlackRock, the world's largest asset management firm, recently continued its aggressive moves by accumulating an additional 3,352 Bitcoins. This brings BlackRock's total Bitcoin assets to a staggering $61 billion, unequivocally demonstrating institutional investors' long-term conviction and robust 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 cost 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 solid accumulated buy-side demand, the leading cryptocurrency is fiercely challenging to break the $80,000 resistance level for the first time since late January 2026. With positive macroeconomic indicators and robust institutional capital backing it, the eyes of investors worldwide are focused on whether the market in the upcoming May will mark a turning point for a full-fledged bull run.

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