I started looking into Bitcoin since 2019 and observing market since then. Here I will express my views on Bitcoin based on my prior experience. Any view should not be considered as a financial advice.

Shashi Kumar

Technical Youtub

avinash bhagat

Pun Pun

Honey Prince S L

VIPUL KEKARE

Arun

Ravi Kumar

RAJSHEKRAN CHELLIAH

Venkatesh Tiwari

Lawmakers in the US state of Minnesota and Alabama have filed companion bills 
to identical existing bills that will allow each state to buy Bitcoin.
The Minnesota Bitcoin Act, or HF 2946, was introduced to the state&#8217;s House by 
Republican Representative Bernie Perryman on April 1, following an identical 
bill introduced on March 17 by GOP state Senator Jeremy Miller.
Meanwhile, on the same day in Alabama, Republican Senator Will Barfoot 
introduced Senate Bill 283 while a bi-partisan group of Representatives led by 
Republican Mike Shaw filed the identical House Bill 482, which allows for the 
state to invest in crypto, but essentially limits it to Bitcoin (BTC).
## Twin Alabama bills don&#8217;t explicitly name Bitcoin
Minnesota&#8217;s Bitcoin Act would allow the state&#8217;s investment board to invest 
state assets in Bitcoin and other cryptocurrencies and permit state employees 
to add crypto to retirement accounts.
It would also exempt crypto gains from state income taxes and give residents 
the option to pay state taxes and fees with Bitcoin.
_Source:__Bitcoin Laws_
The twin Alabama bills don&#8217;t explicitly name Bitcoin, but it would limit the 
state&#8217;s crypto investment into assets that have a minimum market value of $750 
billion &#8212; a criterion that only Bitcoin currently meets.
## 26 Bitcoin reserve bills now introduced in the US
Introducing identical bills is not uncommon in the US and is typically done to 
speed up the legislative process so laws can pass more quickly.
Bills to create a Bitcoin reserve have been introduced in 26 US states, with 
Arizona currently the closest to passing a law to make one, according to data 
from the bill tracking website Bitcoin Laws.
_Arizona currently leads in the US state Bitcoin reserve race. Source: Bitcoin 
Laws_
Pennsylvania was one of the first US states to introduce a Bitcoin reserve 
bill in November 2024. However, the initiative was reportedly eventually 
rejected, with similar bills also killed in Montana, North Dakota, South 
Dakota, and Wyoming.
_**Related:**__**North Carolina bills would add crypto to state &#8216;s retirement 
system**_
_Montana, North Dakota, Pennsylvania, South Dakota and Wyoming are the five 
states that rejected Bitcoin reserve initiatives. Source: Bitcoin Laws_
According to a March 3 report by Barron&#8217;s, &#8220;red states&#8221; like Montana have 
likely faced setbacks to the Bitcoin reserve initiatives due to political 
confrontation of the Democratic Party with the Republican Party.
_Additional reporting by Helen Partz._
_**Magazine:**__**Financial nihilism in crypto is over &#8212; It&#8217;s time to dream 
big again**_

Alabama, Minnesota lawmakers join US states pushing for Bitcoin reserves

In a CryptoQuant Quicktake post published today, contributor BorisVest 
highlighted a key demand zone for Bitcoin (BTC) that could offer investors an 
opportunity for ‘substantial gains.’ The analyst used the Active Realized 
Price (ARP) and the True Market Mean Price (TMMP) to identify this critical 
zone. Buying Bitcoin Here Could Be Profitable Bitcoin is currently trading 
approximately 10% higher than its recent local bottom of nearly $77,000, 
recorded on March 10. However, uncertainty in the market has increased due to 
US President Donald Trump’s looming trade tariffs, with some analysts 
predicting that the top cryptocurrency could experience further downside 
before a trend reversal occurs. Related Reading: Is a Bitcoin Rally Coming? 
Exchange Net Flow Data Suggests So Amid this backdrop, CryptoQuant contributor 
BorisVest noted that, based on market dynamics, BTC’s ARP is currently 
hovering around $71,000 &#8211; representing almost a 20% pullback from its current 
price in the mid-$80,000 range. For the uninitiated, Bitcoin&#8217;s ARP is a metric 
that calculates the average acquisition price of all actively traded BTC, 
filtering out dormant coins. It helps identify market sentiment by showing the 
cost basis of active investors, providing insights into potential support or 
resistance levels. Additionally, BorisVest pointed out that BTC’s TMMP 
currently has a key support level at $65,000. The analyst stated: If we define 
the area between the Active Realized Price and the True Market Mean Price as a 
zone, we can expect that in the near future, if the price declines, it should 
meet significant demand in this range. In essence, BTC’s current major demand 
zone lies between $71,000 and $65,000. Purchasing BTC within this range could 
provide investors with a favorable risk-reward ratio, potentially leading to 
substantial gains. Analyst Points Out Key Resistance Levels In contrast to 
BorisVest’s analysis, prominent crypto analyst Ali Martinez identified two key 
resistance levels for Bitcoin. Martinez stated: Bitcoin BTC faces the 200-day 
MA at $86,200 and the 50-day MA at $88,300 as key resistance ahead! A break 
above these levels could shift momentum back to the bulls. Moving-average (MA) 
based resistance levels often function as key psychological and technical 
price barriers. Market traders typically place their sell orders around these 
levels, leading to price reversal or consolidation. Related Reading: Bitcoin 
Could Hit $112,000, But Only If It Holds Above This Key Level – Analyst 
Explains Martinez’s analysis aligns with that of fellow crypto analyst Rekt 
Capital, who noted that despite BTC breaking its daily Relative Strength Index 
(RSI) downtrend, it may still face significant resistance ahead. That said, a 
bullish trend reversal may be on the horizon for BTC. Recent reports suggest 
that Trump may soften his stance on reciprocal tariffs, potentially enabling a 
relief rally for risk-on assets like BTC. At press time, BTC is trading at 
$84,820, up 1.5% in the past 24 hours. Featured image from Unsplash, Charts 
from CryptoQuant, X, and TradingView.com

Analyst Identifies Key Bitcoin Demand Zone For ‘Substantial Gains’ – Details

Bitcoin (BTC) faces conditions similar to the 2022 bear market bottom as US 
business sees &#8220;very high risk&#8221; to come.
In his latest analysis, Charles Edwards, the founder of quantitative Bitcoin 
and digital asset fund Capriole Investments, queried when the US would start 
printing money.
## 
&#8220;Higher than expected&#8221; US tariffs pressure Bitcoin
Bitcoin reacted noticeably worse than US stocks after President Donald Trump 
announced worldwide reciprocal trade tariffs on April 2.
BTC/USD fell up to 8.5% on the day, while the S&amp;P 500 managed to end the Wall 
Street trading session 0.7% higher.
Despite this, Edwards notes that US business expectations reflect the type of 
uncertainty seen only three times since the turn of the millennium.
&#8220;Consider this as tariffs come in higher than expected. The Philly Fed 
Business Outlook survey is showing expectations today comparable to 2000, 2008 
and 2022,&#8221; he told X followers.
An accompanying chart showed the Philadelphia Fed&#8217;s Business Outlook Survey 
(BOS) back under 15 for the first time since the start of 2024. Late 2022, 
meanwhile, was the pit of the most recent crypto bear market when BTC/USD 
reversed at $15,600.
_Philadelphia Fed Business Outlook Survey vs. S &amp;P 500. Source: Charles 
Edwards/X_
In Capriole&#8217;s latest market update on March 31, Edwards acknowledged that BOS 
data can produce unreliable signals over market sentiment but argued that it 
should not be ignored.
&#8220;While no guarantee of the future outlook (this metric does have false 
signals) this is a data reading we have had before at very high risk zones 
(year 2000, 2008 and 2022), telling us to keep a very open mind,&#8221; he wrote.
&gt; &#8220;Especially if the tariff war escalates significantly beyond current 
&gt; expectations or corporate margins start to fall.&#8221;
For Bitcoin, a key level to watch in the tariff aftermath is $91,000, with 
Capriole suggesting that US macroeconomic moves would &#8220;decide the ultimate 
technical trend from here.&#8221;
&#8220;All else equal, a daily close above $91K would be a strong bullish reclaim 
signal,&#8221; the update explained alongside the weekly BTC/USD chart.
&gt; &#8220;Failing that, a dip into the $71K zone would likely see a sizable bounce.&#8221;
_BTC/USD 1-day chart (screenshot). Source: Capriole Investments_
## BTC price focus on US liquidity trend
As Cointelegraph reported, a silver lining for crypto and risk assets could 
come in the form of increasing global liquidity.
_**Related:**__**Bitcoin sales at $109K all-time high &#8216;significantly below&#8217; 
cycle tops &#8212; Glassnode**_
In the US, the Fed has already begun to loosen tight financial policy, with 
bets on a return to so-called quantitative easing (QE) varying.
&#8220;How long until the Powell printer starts humming?&#8221; Edwards queried.
M2 money supply, meanwhile, is due for an &#8220;influx&#8221; &#8212; something which has 
historically spawned major BTC price upside.
&#8220;The BIG take-away (the most important observation) is that a big M2 influx is 
coming. The exact date is less important,&#8221; popular analyst Colin Talks Crypto 
predicted in an X thread this week.
A comparative chart hinted at a potential BTC price rebound by the start of 
May.
_US M2 money supply vs BTC/USD chart. Source: Colin Talks Crypto/X_
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Bitcoin gets $71K target as tariffs deal rare US business outlook slump

Enish Co., the Japanese gaming firm behind blockchain-based game series 
&#8216;De:Lithe Last Memories,&#8217; has announced its first BTC purchase worth 100 
million yen. According to a recently published document, Enish Co. stated that 
it would allocate 100 million yen or…

Japanese gaming firm Enish makes first BTC purchase worth nearly $680k

Fidelity Digital Asset Research Analyst Zack Wainwright states that bitcoin 
might still be in a euphoric, volatile period, which he calls an acceleration 
phase. At the end of this phase, bitcoin might experience a dramatic rally 
that could take the asset to new heights. Fidelity Digital Assets Expects Big 
Rally Taking Bitcoin to Price Discovery […]

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