Bitcoin Eyes $137,000 as “Crypto Week” Spurs Legislative Tailwinds, Technical Momentum

Bitcoin is testing key resistance levels amid rising investor optimism driven by U.S. legislative developments and improving technical indicators. With lawmakers advancing multiple digital asset-related bills during what’s being informally dubbed “Crypto Week”, analysts are raising short-term price targets, with projections now pointing toward $137,000. U.S. Lawmakers Fuel Bullish Sentiment The U.S. House of Representatives is actively debating a slate of crypto-related legislation aimed at clarifying the legal status of digital tokens, stablecoins, and central bank digital currencies (CBDCs). Key bills under review include: Clarity for Digital Tokens Act, distinguishing securities from commodities; Genius Act, a regulatory framework for stablecoins; Anti-CBDC Surveillance State Act, restricting the Federal Reserve’s ability to issue retail digital dollars. The prospect of regulatory clarity is fueling renewed institutional interest and boosting sentiment across digital asset markets. Institutional Demand Resurfaces Companies including MicroStrategy, which now holds over 600,000 BTC, are once again increasing crypto exposure. Asset manager Grayscale has also filed for a U.S. IPO, underscoring mounting demand for compliant investment vehicles. The legislative momentum is seen as a catalyst for further corporate adoption. Technical Picture Aligns with Macro Backdrop Bitcoin (BTC) has gained 16.72% over six months, 10.69% over the past month, and 7.84% in the last week, trading between $111,134 and $122,428. The immediate resistance stands at $126,231, roughly 3% above the current range. A break above this threshold could trigger a move toward $137,525, representing a further 9% upside. On the downside, support levels are identified at $103,644 and $92,350. Key indicators: 10-day and 100-day SMAs: Hovering near $118,000, signaling price stability. RSI at 28.04 and Stochastic at 19.83: Indicate oversold conditions. MACD at -691.09: Suggests a potential bullish reversal. PR with Market Precision: Outset PR Delivers Visibility That Converts As crypto narratives gain institutional relevance, public relations strategy is becoming a competitive differentiator. OutsetPR.io , a leading crypto-native communications agency, is redefining how Web3 projects approach visibility. Instead of leaning on mass distribution and boilerplate coverage, the firm emphasizes performance-focused strategy, data-informed targeting, and publication timing matched to market conditions. Outset PR’s proprietary media analytics and in-house traffic acquisition engine set it apart. Clients benefit from organic editorial coverage amplified through high-traffic discovery surfaces like Google Discover, driving visibility that translates directly into user growth. Case in point: Crypto exchange ChangeNOW recorded a 40% lift in traffic after a tailored Outset PR campaign. Similarly, by refining media selection based on domain metrics and audience geography, the agency helped Step App grow engagement across the U.S. and UK. For C-level teams seeking clarity and accountability, Outset PR offers a boutique model tied to measurable outcomes—from campaign design to execution. It’s PR engineered for product-market fit, where storytelling supports real growth. BTC Price Outlook With favorable technical positioning and supportive macro developments, Bitcoin is positioned to retest its highs and potentially breach the $137,000 mark in the near term. Investors are closely watching Congressional votes this week for signals of long-term regulatory direction. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Source: Crypto Daily