Bitcoin is facing a sharp sentiment test after market conditions shifted from extreme greed to fear, with the stalled CLARITY Act and Federal Reserve interest rate hikes cited among the pressures. Trader Matthew Hyland says the cryptocurrency is near a daily cycle low and showing a bullish divergence, a pattern in which momentum improves despite weak prices. He forecasts Bitcoin above $90,000 by early November, even as BTC trades near $76,000 after the Senate failed to advance the CLARITY Act. Bitcoin was down about 1.5% in 24 hours and nearly 5% over the past week, but remained up close to 19% over 30 days. Other market participants remain bearish: Ted Pillows expects a move to $70,000-$72,000, while Crypto Patel maintains a $50,000 target unless Bitcoin closes above $83,000 on a higher timeframe. CryptoQuant contributor IT Tech identified a potentially constructive supply pattern, with six- to 12-month holders representing 30.8% of realized cap, up from 16.2% in December last year, but described it as mid-cycle floor building rather than a confirmed cycle low. After the Senate vote, short-term holders sent more than 23,000 BTC to exchanges at a loss, worth close to $1.8 billion. Prediction-market pricing has also weakened for Bitcoin reaching $200,000 by Dec. 31, 2026, with some YES contracts falling as low as 1.1%.