Bitcoin has stayed above $76,000 despite several negative developments this week.
On September 15, the U.S. Senate voted 50–49 against moving forward with the Clarity Act, which aimed to create clearer rules for crypto.
The next day, the Federal Reserve raised interest rates by 0.25 percentage points to 3.75%–4%. Officials also suggested that another rate hike could happen before the end of 2026. Despite these setbacks, some crypto analysts say Bitcoin’s price is still following a broader bullish trend.
Michael XBT: Bitcoin Held Up Despite Negative News
Trader Michael XBT said Bitcoin had several reasons to fall this week, but it stayed above key support levels. He said traders expected the Clarity Act decision and higher interest rates to push Bitcoin to new lows.
Instead, Bitcoin held around the $75,000–$76,000 range. Michael XBT described the market as bullish and said he expects Bitcoin to rise significantly.
Bitcoin briefly fell to about $75,060 before recovering above $76,700. The $75,000 level has become an important price level after Bitcoin recently fell from above $82,000.
Bitcoin also stayed relatively strong despite large withdrawals from U.S. spot Bitcoin ETFs. On September 15, the ETFs saw about $450.4 million in outflows, their biggest one-day withdrawal since June 24.
90% Chance BTC Already Bottomed
Meanwhile, Bitcoin analyst Willy Woo said he believes there is a 90% chance that Bitcoin has already reached its lowest point for the bear market. He said Bitcoin is entering the early stages of a bull market as money from long-term investors starts returning to the market.
Woo is focusing more on investor activity and liquidity than on short-term price changes. This suggests he sees the current market as the beginning of a recovery.
I put the probability the bottom is in at 90%.
We are in an early bull market structure based on long term investor liquidity returning.
— Willy Woo (@willywoo) September 16, 2026
“Greatest Bull Market Ever”
Crypto analyst Ansem believes the crypto market is entering a major growth period. He said he expects this could be the biggest bull market in crypto so far.
He also encouraged investors to stay focused on their long-term views and spread their investments across different assets. Ansem believes crypto will benefit from the growth of the on-chain economy, especially as stablecoins, tokenized assets, and blockchain-based financial systems become more widely used.
He also discussed the impact of AI. If AI does not quickly change the economy, blockchain could still benefit as more money moves on-chain.
MVRV Momentum Signal
Analyst CryptoGoos highlighted another historical indicator, claiming that Bitcoin’s MVRV Momentum Oscillator is moving back above zero. According to the analyst, similar moves occurred in 2012, 2016, 2019 and 2023, periods that were followed by major Bitcoin market expansions.
“Bitcoin is about to enter its expansion phase,” CryptoGoos wrote.
Strategic Bitcoin Reserve Bill Adds Another Catalyst
Notably, these bullish commentaries come as U.S. lawmakers advance legislation related to a Strategic Bitcoin Reserve. Two House committees advanced a Bitcoin reserve bill after the Senate failed to advance the Clarity Act.
AshCrypto pointed to the development as an important counterweight to the regulatory setback, noting that Bitcoin had recovered above $76,000 while Ethereum reclaimed $2,450.
The analyst said Bitcoin needs to hold $76,000 to make another attempt at its 50-week moving average, which AshCrypto views as an important level for the next phase of the market.
