- Bitcoin is consolidating between $90,000 and $107,000 as Ohio introduces a new bill to create a BTC reserve fund.
- Meanwhile, traders are rushing to buy MIND of Pepe, an AI-driven meme coin with a 445% staking APY and 20x potential.
Bitcoin’s price remains in a consolidation phase as traders monitor key levels. Meanwhile, Ohio is making another move to adopt Bitcoin as a reserve asset, fueling speculation about institutional demand. At the same time, a new AI-driven meme coin, MIND of Pepe, is gaining traction with its massive staking rewards and AI-powered trading insights.
Bitcoin Price Stuck in a Range
Bitcoin is currently trading at $98,101, with a 6% drop in daily trading volume to $63.9 billion. The price action shows BTC struggling to break past key resistance levels.
On the 1-day chart, Bitcoin faces strong resistance at $107,000, while support sits at $90,000. A recent attempt to break above $108,000 was quickly rejected, showing significant selling pressure. The 50-day Simple Moving Average (SMA) is acting as resistance, while the 200-day SMA remains a critical support level.
The Relative Strength Index (RSI) stands at 45.47, signaling a neutral-to-bearish trend. Meanwhile, the Stochastic RSI indicates oversold conditions, hinting at a potential bounce. However, BTC needs confirmation of momentum before a bullish reversal can be expected.
Ohio Pushes for a BTC Reserve
Ohio Senator Sandra O’Brien has introduced Senate Bill 57, aiming to allow the state’s treasury to invest in Bitcoin. If approved, this bill could set a precedent for other states to follow, increasing Bitcoin’s mainstream adoption.
The move by Ohio comes amid growing interest in BTC as a hedge against inflation and economic instability. If the bill gains traction, it could create additional demand for Bitcoin, potentially influencing its price movement in the long term.
BTC Price Outlook: Key Levels to Watch
- Bullish Scenario: A breakout above $107,000 could push Bitcoin toward $115,000-$120,000. This would signal renewed bullish momentum and potentially lead to fresh highs.
- Bearish Scenario: If BTC drops below the $90,000 support, a deeper retracement to the 200-day SMA at $78,000 could occur. A breakdown below this level would confirm a bearish reversal.
MIND of Pepe: AI-Powered Meme Coin Gains Attention
While Bitcoin consolidates, traders are looking for high-growth opportunities in the crypto space. MIND of Pepe, an AI-driven meme coin, is attracting investors with its advanced AI trading features and a massive 445% staking APY.
Built on Ethereum, MIND of Pepe utilizes AI to detect trends before they go mainstream, giving holders an edge in crypto trading. The project has already raised over $5.1 million in its presale and is approaching the $6 million mark.
Currently, MIND tokens are priced at $0.0032662, but a price hike is expected in less than two days. With analysts predicting a potential 20x surge, early investors are rushing to secure their positions before the next increase.
Bitcoin remains in a consolidation phase as Ohio pushes for a BTC reserve fund. The market awaits a breakout above $107,000 for bullish confirmation. Meanwhile, the AI-driven MIND of Pepe is gaining momentum, offering traders a high-risk, high-reward opportunity. Investors are closely watching both assets as the crypto market navigates its next major move.
