If Democrats sweep both chambers of Congress, Bitcoin year-end median forecast is $76,450

Odaily Report: A survey shows that if Republicans retain both chambers of Congress, the median Bitcoin year-end price forecast is $90,800; if Democrats win both chambers, the median forecast is $76,450; if the two parties split control of the Senate and House, the forecast is $84,100.

Analysts believe that Democratic control of both chambers could make it difficult for the CLARITY Act to pass over the next two years; Republicans retaining both chambers would be more conducive to advancing crypto policy, but a limited Senate majority could still lead to legislative gridlock. In the short term, Bitcoin's support range is $76,000 to $76,600, with resistance at $79,500 to $80,500; if it breaks below support, the market will focus on the 50-week moving average at around $75,700 and the 200-day moving average at around $73,100.