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- The Bitcoin supply on the crypto exchange has fallen to the lowest point since November 2018.
- The BTC price is at its peak to make it together according to the new high -high catalyzed high demand of institutional investors.
The Texas Strategic Bitcoin (BTC) Reserve Law (SB 21) has adopted the second reading of the house on Tuesday, May 20, with 105 to vote against 23 NEYS. Texas’s SB 21 Bill now moves to reading a third house and a final move.
As a result, Dennis Porter, Executive Director and Co -founder of Satoshi Action Fund, now assessment That Texas will be the third state that will incur the legislation with the law.
Furthermore, the Texas’s SB 21 of the Law Bill has a huge support from the legislator led by representative Giovanni Capriglione and senator Charles Schwertner. The Texas SB 21 account confirms that the United States will immediately approve its legislation to SBR for purchase up to 1 million BTC for the next five years.
The price of bitcoin teasing the new ATH next
Bitcoin price briefly gathered in a local daily maximum of about 107,307 dollars on Tuesday, during a late northern American trading session. The coin guide, however, did not lack enough fuel to pump on their entire time above $ 109,114, which was set on January 20, 2025.
From a technical analysis point of view, taking into account powerful basics such as the perennial low supply of BTC on centralized exchanges, the market analyst Aksel Kibar believes that the leading coin is on the way to the new maximum of all more than $ 137,000 in the near future. However, withdrawing below the recently established support level of around $ 102,395 will set a bear precedent in the coming weeks and will probably stimulate the BTC price below 100k.
