Texas Becomes the First State in the US to Acquire Bitcoin Amid Market Decline

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 05 2025

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Texas Bitcoin Purchase: Texas has officially purchased $5 million worth of Bitcoin through BlackRock's iShares Bitcoin Trust, becoming the first US state to hold Bitcoin as a reserve asset, with plans to transition to self-custodied Bitcoin in the future.
Long-Term Investment Strategy: The acquisition is part of a long-term investment strategy under the Texas Strategic Bitcoin Reserve and Investment Act, allowing the state to manage Bitcoin as a strategic asset rather than for short-term speculation.
Legislative Context: The purchase follows a broader trend where 15 US states have introduced legislation for Bitcoin reserves, although many proposals have stalled due to declining Bitcoin prices.
Future Implications: Texas's move positions it uniquely in the digital asset landscape, with potential implications for other states' reserve legislation depending on Bitcoin price stability and federal regulatory clarity.

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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	36100.142	48050.071	60370.162	72320.091	84640.182	96590.111	108910.202
Fibonacci	48050.071	57321.219	63048.943	72320.091	81591.239	87318.963	96590.111

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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