Yahoo Finance analysis points out that Bitcoin prices have been trading sideways for several months, hovering around $60,000, seemingly awaiting a catalyst. Its future trend may depend on whether the U.S. Congress can pass the Clarity Act. This bill would establish a critical framework for the crypto industry, clarifying how crypto assets are regulated, and its approval is expected to bring more investment and innovation. However, the bill's passage is not a foregone conclusion; it has previously faced obstacles and delays, and a vote might be postponed until next month, or it might not even pass this year. With the midterm elections approaching, the uncertainty of the regulatory outlook could further increase, potentially leading to a deterioration in investor sentiment and even pushing Bitcoin to new lows.