Bitcoin traders are focusing on the possibility of a quick rebound toward $90,000 ahead of a U.S. vote on the Clarity Act.

Cointelegraph reported on May 13 that easing short-term selling pressure and improving on-chain indicators could give fresh momentum to an upward push.

Bitcoin has traded around $80,000 over the past week, and the 200-day exponential moving average remains a key resistance level. The market has more than $3 billion in leveraged long positions clustered between $79,000 and $78,000, raising expectations that the price could retest that range and then try to break above the 200-day line.

MN Capital founder Michaël van de Poppe (미카엘 반 데 포페) kept a bullish view. While the outlet did not introduce all of his remarks, he sees the broader market structure shifting in a way that favors upside.

On-chain indicators also pointed in the same direction. Bitcoin researcher Axel Adler Jr (악셀 애들러 주니어) said loss pressure among short-term holders held at 0 percent for 5 straight days. The metric shows whether investors who bought Bitcoin recently are holding below their purchase price. Adler Jr also said the share of Bitcoin supply held by short-term traders fell to 22.2 percent, the lowest level in the past 90 days. That suggests less selling from recently bought coins, meaning conditions are forming that are favorable for an attempted breakout.

Still, near-term resistance levels are clear. Crypto trader Jord warned that after Bitcoin recovered the 50 percent Fibonacci retracement level around $78,983, it could face resistance between $83,400 and $84,600. He said the range is the next Fibonacci resistance zone of 0.618 to 0.65, where profit-taking could slow the pace of any rebound.

Market attention is focused not only on price charts but also on the regulatory calendar. The Clarity Act is a bill designed to clarify standards for U.S. regulators' oversight of the crypto market and stablecoins. Members of the U.S. Senate Banking Committee submitted more than 100 amendments ahead of discussions on May 14. The amendments focus on stablecoins, crypto developers and ethics-related issues.

A leaked draft of the bill reportedly includes provisions that would prevent crypto exchanges and platforms from continuing to offer stablecoin rewards in a way similar to interest on traditional savings deposits. XWIN Japan assessed that the proposal appears aimed at separating payment stablecoins from products that function like bank deposits.

Stablecoin activity is also continuing to rise. The number of active addresses for ERC-20-based stablecoins has increased sharply in recent years. XWIN Japan said stablecoins remain a key source of funds flowing through the crypto market, and it viewed the spread of stablecoins and blockchain-based financial products as potentially supporting long-term investment demand for Bitcoin.

As a result, whether Bitcoin can break through the $83,400 to $84,600 range in the short term, and how the Clarity Act discussions affect stablecoin fund flows and market sentiment in the medium term, are emerging as key points to watch.