In an interview with Bloomberg, analyst $BTC Markets Rachel Lucas stated that sentiment towards Bitcoin remains bearish in the short and medium term, and the market is taking a wait-and-see approach. "Although Bitcoin and the market lack the resolve to continue rising, the downward movement has not yet led to a decisive breakout. In other words, the bulls do not have enough strength to sustain a breakout, and the bears have also failed to trigger a final decline." Lucas also said that the bullish scenario in the Bitcoin and cryptocurrency market depends on two catalysts. The first is a deal between the US and Iran, and the second is the passage of the (Clarity Act), one of the most important laws passed by the US.