Texas Becomes First U.S. State to Purchase $5 Million in Bitcoin for Strategic Reserve
- Bitcoin Price Surge: In October 2025, Bitcoin reached $126,000, primarily driven by institutional capital flowing into the market through spot ETFs, validating Bitcoin's status as a macro asset and attracting traditional finance's attention.
- State Purchase of Bitcoin: Texas became the first U.S. state to allocate $5 million in Bitcoin for its strategic reserve, marking a significant recognition of Bitcoin as a sovereign reserve asset and prompting similar actions from states like Pennsylvania and Ohio.
- Derivatives Market Collapse: On October 10, 2025, the derivatives market collapsed due to leverage saturation, resulting in billions in long positions vanishing within hours, demonstrating the dominant role of derivatives in price volatility and forcing market participants to recalibrate risk.
- North Korean Hacking: In 2025, North Korea stole over $2 billion in cryptocurrency through hacking, including a $1.5 billion theft from Bybit, prompting exchanges worldwide to rebuild security infrastructure and highlighting operational security issues in crypto.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 stock.
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 | 36049.129 | 48024.564 | 60319.149 | 72294.584 | 84589.169 | 96564.604 | 108859.189 |
| Fibonacci | 48024.564 | 57295.712 | 63023.437 | 72294.584 | 81565.732 | 87293.457 | 96564.604 |
About BTC
About the author
