Crypto PAC Plans $1.5M Against Rep. Al Green Over Anti-Crypto Votes
- Funding Opposition: The cryptocurrency-aligned super PAC Protect Progress plans to spend $1.5 million next month against Rep. Al Green in the Texas Democratic primary, aiming to influence the election through advertising and voter outreach efforts targeting his anti-crypto voting record.
- Legislative Opposition Record: As a member of the Financial Services Committee, Green has opposed several key crypto-related bills, including the Financial Innovation and Technology for the 21st Century Act and the Digital Asset Market Clarity Act, indicating that his resistance may hinder innovation and growth in the industry.
- Industry Response: Fairshake's spokesperson highlighted that Green's stance is seen as a blockade to American innovation, reflecting the crypto industry's dissatisfaction with his opposition while also demonstrating the industry's willingness to support candidates favoring cryptocurrency regulation.
- Funding Background: Fairshake and its affiliated committees reported holding approximately $193 million in cash earlier this year, showcasing the cryptocurrency sector's commitment to actively engage in the political landscape for the 2026 election cycle, aiming to back candidates supportive of digital assets while opposing lawmakers perceived as hostile to the industry.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 59141.815 | 62129.908 | 65006.815 | 67994.908 | 70871.815 | 73859.908 | 76736.815 |
| Fibonacci | 62129.908 | 64370.338 | 65754.478 | 67994.908 | 70235.338 | 71619.478 | 73859.908 |
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