US House Passes Crucial Crypto Bills — From SEC Chair Paul Atkins To Coinbase CEO Brian Armstrong, Here's How Everyone Reacted

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: benzinga_crypto

Updated: Jul 18 2025

Should l Buy BTC?

Legislative Progress: The U.S. House of Representatives passed key cryptocurrency legislation, including the GENIUS Act for stablecoin regulation, which has been praised by industry leaders and is seen as a significant step towards a clearer regulatory framework.
Concerns and Controversies: Despite the positive reception from the crypto community, there are concerns about potential corruption in the legislative process, with critics highlighting conflicts of interest and the influence of major cryptocurrency stakeholders on lawmakers.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	36097.011	48048.506	60367.031	72318.526	84637.051	96588.546	108907.071
Fibonacci	48048.506	57319.653	63047.378	72318.526	81589.673	87317.398	96588.546

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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