GM. This is Milk Road, the lighthouse guiding you home through choppy crypto seas.
Here’s what we’ve got for you today:
- ✍️ BTC to $71k, or $57k?
- 🎙️ The Milk Road Show: The Institutional Case for Ethereum AND Solana.
- 🍪 JPMorgan: relax about Saylor dumping Bitcoin.
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Prices as of 2:00 p.m. ET. Powered by CoinGecko.
BTC TO $71K, OR $57K? 🎯
A Milk Road PRO member put a question to John Gillen (our pure-play crypto analyst) this week, and it's the same one the whole market is chewing on:
"MR team’s thoughts on the CLARITY Act getting passed or not? How much downside do we have here if this fails?"
John's (short) answer: it's still a coin flip.
In case you’ve been off-grid: the CLARITY Act is the bill that finally decides who regulates crypto in the U.S. (the SEC, the CFTC, or some split of the two).
It passed the House a year ago. Since then it's been stuck in the Senate, where it needs 60 votes and has gotten... bloated.
According to John, more work has gone into this bill than any other piece of legislation in this Congress. There are rumors of a deal or a breakthrough, but that's all they are right now (rumors).
And the clock is ticking. The Senate is back on July 13 with roughly three working weeks before August recess - the window most analysts see as the last realistic shot at passing this thing in 2026.
John's view?
If it passes: mildly bullish.
If it fails: we mostly shrug it off.
(Kind of anticlimactic for a bill this size, no?)
That's because John doesn't think the real verdict gets delivered on C-SPAN. In his words, markets are information-generating machines powered by collective intelligence.
I.e. The BTC price already contains everyone's best guess.
Polymarket currently has the odds of CLARITY passing at 40%, down 25 points.
But the ultimate poll is the BTC chart itself. And right now, Bitcoin is sitting on the exact level that tells us which way the market is leaning...
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BTC TO $71K, OR $57K? (P2) 🎯
The chart John's watching ↓
BTC is trading just over ~$64K as of writing - a key resistance level in the channel it's been stuck in since June.
From here, John sees two scenarios:
1. BTC holds $64K on a retest. From there, he thinks Bitcoin could move up to try $70-71K. He'd read that as the market voting that CLARITY passes (and the market is smarter than all of us).
2. BTC loses $64K. From there, he’d expect a sweep down to test $58K, with the channel's lower bound sitting at ~$57K. That would be the market calling CLARITY dead (and BTC simply following the trend it's been in for months).
John's actual lean? Scenario two. He thinks the downward channel plays out.
His advice: don't fight it. Wait for a confirmed bullish breakout, or use the trend to find better entries.
That's a big reason he's still holding spare cash. If Bitcoin shows more short-term weakness, alts could offer better entries too.
"All of this is basically astrology though," in John's own words. "I'm in the same position as everyone else, just taking the information the market gives me as it comes."
Point being: everyone is uncertain right now, including the people paid to have opinions. Don't force anything until we get some... CLARITY.
But paying attention is how you catch the opportunities everyone else misses.
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BITE-SIZED COOKIES FOR THE ROAD 🍪
Best crypto loan platforms in 2026. Milk Road pick: Ledn.*
Matt Hougan: Strategy sold $200M of BTC and the price barely moved. That’s a great sign.
Lyn Alden: "Whenever there's a concerted effort to change BTC quickly, I tend to push back." Claims that BTC will fail without a certain change are often a red flag.
Weird, but ok: JPMorgan just published a note telling everyone to relax about Michael Saylor dumping Bitcoin. Then it named the bigger threat: JPMorgan itself.
Which crypto exchanges publish proof of reserves? Bitget has been reporting monthly since December 2022.**
*this is sponsored content. **this is partner content.
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