Pi Network (PI) price was trading at $0.4840 on Tuesday, July 22, down sharply from its all-time high. This plunge has erased billions of dollars in value. Here are the top three reasons why the Pi crypto value will rebound soon.

Top 3 reasons why the Pi crypto price value is about to surge

Bitcoin is turning heads once again as it climbs steadily within a rising 
channel, teasing a potential explosive move. According to chart watchers, the 
current rally aligns with Wave (5) of an Elliott Wave structure, historically 
the phase that unleashes the most aggressive price action. With momentum 
building and institutional demand ramping up, could this be the final leg 
before Bitcoin launches toward uncharted territory? Rising Channel Holds Firm 
As Wave (5) Builds Steam In a recent update, market analyst LSplayQ pointed 
out that Bitcoin is steadily climbing within a clearly defined rising channel, 
with the price now trading close to $118,000. This structured upward movement 
signals strong market confidence, with buyers consistently stepping in at 
higher levels to support the trend. Related Reading: Hold On For Dear Life: 
This Bullish Bitcoin Metric Just Touched A 15-Year High The analysis ties this 
momentum to an unfolding Elliott Wave formation, where Wave (5) is currently 
in play. The previous waves have displayed a clean pattern of higher highs and 
higher lows—a signature of impulsive bullish behavior. This suggests that 
Bitcoin’s price action is not random but follows a predictable rhythm often 
seen during strong uptrends. With Wave (5) potentially in progress, LSplayQ 
believes that Bitcoin could soon challenge the upper boundary of its rising 
channel. If this plays out as expected, the next target zone could be around 
the $140,000 region, a level that aligns with the broader technical projection 
of this ongoing wave structure. A breakout above the rising channel could 
spark even more aggressive upside, while any signs of weakness near these 
resistance levels might indicate a short-term pullback. However, the bullish 
setup remains intact for now as Wave (5) continues to unfold with precision. 
Institutional Buys Push Forward, But Technicals Urge Patience With 
institutions like Strategy continuing to accumulate, LSplayQ suggests that 
Bitcoin still has room to push higher. The growing interest from large-scale 
investors adds weight to the ongoing bullish momentum, further fueling 
optimism for an extended rally. Related Reading: Bitcoin Price Eyes $123K 
Explosion—Traders Brace for Breakout However, there are signs that the market 
may be nearing a temporary exhaustion point. The Relative Strength Index (RSI) 
is edging toward overbought territory, hinting at a potential cooling-off 
period. This doesn’t necessarily signal the end of the trend but could open 
the door for a short-term correction. Should a pullback occur, traders will 
likely shift their focus to key support zones. According to LSplayQ, the 
$99,531 level stands out as a critical area where buyers may step in to defend 
the uptrend. Holding above that threshold could set the stage for the next leg 
upward once the consolidation phase concludes. Featured image from Pixabay, 
chart from Tradingview.com

Bitcoin Final Push? Wave (5) Could Deliver A Spectacular Breakout

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The post Cynthia Lummis and Senate Republicans push new crypto rules to expand 
CLARITY Act appeared first on Crypto Briefing.

Cynthia Lummis and Senate Republicans push new crypto rules to expand CLARITY Act

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