Sentiment Turns Bullish at Concerning Level as Clarity Act Senate Vote Event Nears

• Sentiment turns bullish at concerning level, says trader.

• The Clarity Act Senate vote event nears, spurring bullish sentiment.

• Could this be a bullish or bearish turning point for crypto?

The crypto community experiences shifting sentiments for bullish crypto market prices as the price of BTC trades below $80,000 once again, leading to the price of ETH dropping below $2,300 as well. Seasoned analysts come together to discuss the many possible plays for crypto prices. As sentiment turns bullish at concerning level, the Clarity Act Senate vote event nears, adding to the tension.

Sentiment Turns Bullish at Concerning Level

The price of BTC has been trading around the $80,000 price range for a few days now, since the asset broke above the crucial $76,000 price range. By maintaining these prices, the crypto market continues to hope for a bullish rise in market prices, despite the sideways up and down movement. At the moment, one analyst claims that the sentiment is turning bullish at the worst possible level.

Sentiment turned bullish. Right at the worst possible level.

The 200 EMA.
The level that has rejected price. Every single time.

CLARITY Act euphoria. Trump pumping stocks. Xi summit optimism.
Everyone bought the narrative simultaneously.

That’s not how reversals start.… https://t.co/cyJQDFXcAC pic.twitter.com/9CRfT27dhE

— Merlijn The Trader (@MerlijnTrader) May 13, 2026

As we can see from the post above, what the expert means by this is highlighted in the video explaining the chart. To highlight, the expert speaks of the 200 EMA, where the level that has rejected price, every single time, is highlighted. The post then speaks of the reason for the shift in sentiment, which is Clarity Act euphoria, Trump pumping stocks, and the Xi summit optimism. He concludes that this is not how reversals start, but how liquidity gets taken.

Clarity Act Senate Vote Event Nears

While the spotlight sits on the Clarity Act Senate vote event, Dan Garbardello, a promising crypto expert, talks about the bullish turn the end of this week could bring for the crypto market. This, in particular, could be led by the new pro-crypto Fed Chair and a positive vote on the Clarity Act. Despite his positive outlook for the results of the week, he reminds the community not to celebrate too soon.

I want to remain realistic about the CLARITY Act.

Even if it cruises through Senate Banking Committee markup (very likely with GOP majority & possible Dem crossovers), the real challenge is getting through the full Senate.

It needs 60 votes to beat a filibuster, so basically…

— Dan Gambardello (@dangambardello) May 14, 2026

As we can see from the post above, he says that he wants to remain realistic about the Clarity Act, saying even if it cruises through Senate Banking Committee markup (very likely with GOP majority & possible Dem crossovers), the real challenge is getting through the full Senate. It needs 60 votes to beat a filibuster, so basically all 53 Republicans and at least 7 Democrats.

He also sheds light on how Elizabeth Warren is doing everything possible to block this Act and could become even more aggressive. What’s more, timing is going to be crazy right before midterms, and prediction markets are sitting at 60-70% for Clarity becoming law in 2026. He concludes by saying that progress is obviously happening and we are close, but we shouldn’t celebrate yet.

One response to his post mentions how there were Democrats who previously supported crypto legislation, and they know the crypto Super PACs donated 130 million USD to support congressional nominees in the last cycle. The newer class of Democrats, and especially those who don’t fall in line with the Warren block of the Democratic Party, are more open to change. He concludes by saying that they will risk alienating entire generations of voters in the next cycle if they choose this hill to die on.