Bitcoin's price edged down slightly over the last 24 hours, continuing to trade within a stable range. Meanwhile, Ohio Senator Sandra O'Brien introduced a bill to create a BTC reserve fund.
Bitcoin Price Dynamics
Chart analysis shows Bitcoin is trading within a defined range, with resistance around $107,000 and support at $90,000. A recent price spike above $108,000 met quick rejection, indicating strong selling pressure. Currently, BTC is near its 50-day simple moving average, serving as dynamic resistance.
BTC Price Prediction
If Bitcoin breaks above $107,000, it might enter a new uptrend with targets at $115,000-$120,000. Conversely, if it falls below the $90,000 support, it could signal a deeper correction, while a fall through the 200-day simple moving average would confirm a trend reversal.
MIND of Pepe Project Raises Over $5.1M in Presale
MIND of Pepe, a self-evolving AI agent, has captured the crypto community's attention, raising over $5M in early funding stages. Built on the Ethereum blockchain, it can learn, analyze, and navigate online to detect new trends.
Bitcoin's price remains stable within a range, and Ohio's proposal to create a BTC reserve fund may influence future developments. Meanwhile, the MIND of Pepe project has garnered significant funding, highlighting the interest in blockchain innovations.
