Rhode Island&#8217;s tax exemption for small Bitcoin transactions could boost local 
crypto adoption and set a precedent for other states.
The post Rhode Island proposes bill to eliminate taxes on small Bitcoin 
payments appeared first on Crypto Briefing.

Rhode Island proposes bill to eliminate taxes on small Bitcoin payments

RWA blockchain Mantra is restructuring and cutting staff after a steep OM 
token collapse and prolonged market pressure strained its business model in 
2025.

Mantra restructures after OM token collapse and tough year

Crossmint has secured MiCA authorization from Spain’s CNMV to operate as a 
crypto asset service provider, allowing it to passport stablecoin 
infrastructure services across the EU.

Crossmint gets MiCA nod to provide stablecoin infrastructure across EU

Bitcoin’s price has shown strength over the past 48 hours and is now trading 
in the mid-$90,000s after days of consolidating around $90,000. Technical 
analyst Jackis presented a fair assessment of potential paths for Bitcoin&#8217;s 
next significant rise in the context of near-term consolidation and attempted 
breakouts above $95,000, outlining distinct scenarios for both bulls and 
bears. Both Outlooks Have A Case, But Price Has To Confirm Bitcoin is now back 
to trading above $95,000 after a 3.1% increase in the past 24 hours. Price 
action in the past 24 hours alone shows that the outlook might be bullish. 
However, as it stands, Bitcoin&#8217;s price action has reached a point where 
traders should let the chart tell them what’s next. Related Reading: Bitcoin 
Top Is Not In At $126,000, According To The Business Cycle, Here’s Why 
According to a technical analysis from a crypto analyst known as Jackis on the 
social media platform X, arguments alone are not enough here because there are 
both good bullish &amp; bearish arguments out there for Bitcoin. In his words, he 
has watched similar-looking price action resolve in opposite directions across 
different cycles. The chart below shows how Bitcoin price action is currently 
forming an ascending triangle pattern on the 8-hour candlestick timeframe 
chart. However, examples show how this same formation led to an upward 
reversal for Bitcoin in the past and then also a bearish continuation for 
Ethereum in the past. Based on his read, he currently sees more reasons for 
downward continuation, and until the market proves otherwise, the active trend 
is bearish. Both bullish and bearish outlooks have a case, but price action 
has to confirm. Bullish And Bearish Scenarios For Bitcoin Once price breaks 
out in either direction, the follow-through can be fast, which means being 
stubborn on the wrong side can be costly. Related Reading: Why The $2.9 
Billion Bitcoin Whale Buy Could Spell Doom For The Market On the bullish side, 
Jackis highlighted that a breakout toward $96,000 is the kind of move that 
would confirm a bullish continuation. He added that a push through $96,000 at 
this point could open the path to $107,000 or higher. On the other hand, 
Jackis’ bearish trigger is tied to the rising support line. Price action can 
look constructive right up until the trendline snaps, and that’s the point 
where downside continuation becomes the higher-probability route in this 
framework. If Bitcoin were to lose the lower trendline of the ascending trend, 
then it would likely drift back to the April 24 lows. The April lows refer to 
how Bitcoin rejected above $106,100 in January 2025 and entered into a multi- 
month correction that eventually bottomed at a low around $76,000. This means 
that a clean breakdown could change the conversation away from range chop in 
the mid-$90,000s to a reset. Featured image from Pixabay, chart from 
Tradingview.com

Analyst Outlines The Bulllish And Bearish Scenarios For Bitcoin – Here’s What To Know

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