Grayscale Outlines Bullish and Bearish Bitcoin Scenarios

Grayscale says Bitcoin could be nearing a price bottom if the CLARITY Act passes the Senate, Strategy strengthens its balance sheet, and the Federal Reserve keeps interest rates unchanged.

Conversely, the firm warns that the cryptocurrency could face further moderate declines if the CLARITY Act fails to pass this year, digital asset treasuries (DATs) continue deleveraging, and persistent inflation leads the Fed to resume interest rate hikes.

At the time of writing, Bitcoin was trading at $59,997, marking a 6.5% decline over the past week.

Source: Grayscale