Bitcoin Bullish Signal Emerges as US Crypto Policy Shifts

Bitcoin has flashed a bullish signal after rebounding from recent lows, as traders watch both technical levels and US crypto policy developments. The cryptocurrency moved higher in a swift sweep of its previous lows, a move that often indicates a removal of weak positions before price attempts to recover.

The weekly close remains crucial for confirmation, with a move above the 200-week moving average seen as a key support level. A failed close above it may keep caution in place. The market is still watching support and resistance levels closely, with Bitcoin having moved through uneven trading conditions in recent sessions.

Meanwhile, US crypto policy has taken a new turn, with Congress advancing a bill to block a Federal Reserve CBDC through 2030. The proposal has added focus to the digital dollar debate, which may shape how digital asset firms operate under federal oversight. President Donald Trump has delayed signing the measure, keeping the next step unclear.

The CLARITY Act is also moving toward a July hearing, linked to crypto market rules in the US. This development may further impact the market's expectations around future crypto regulations and their potential effects on different sectors.