Bitcoin Is Back Above $85,000. Why Is BTC Rallying Despite the Fed and CLARITY Act?

Bitcoin has returned to the center of the market after a violent reversal from last week’s lows. The Bitcoin price recovered from below $76,000 and pushed back above $85,000, and its return came despite higher rates, regulatory disappointment, and stubborn macro pressure, which has reignited the question of why Bitcoin is rallying now.

For traders following Bitcoin news, the Bitcoin price today reflects a sharp reversal from last week’s weakness.

Related: Crypto Tax Bill Just Changed: What the New US Rules Could Mean for Bitcoin, Stablecoins and Staking

Bitcoin Reclaims $85,000 After Falling Below $76,000

BTC Rebounds More Than 10% From Last Week’s Low

Bitcoin has gained more than 10% from last week’s low near the mid-$75,000 area. Buyers returned quickly once selling failed to extend below that zone. The BTC▲$77,666.00 rally then accelerated as price reclaimed $78,000 and $80,000. Momentum strengthened again when Bitcoin above $85,000 became a reality.

Bitcoin Returns to a Key $82,000–$85,000 Resistance Zone

The $83,000–$85,000 area has repeatedly acted as an important barrier during September. Sellers previously used this zone to slow recovery attempts and lock in gains. A clean break can change short-term market structure and force bearish traders to reassess positions. Failure there would keep Bitcoin trapped inside its recent range.