Bitcoin's price has bounced back to $104,800, drawing attention as Ohio introduces a bill for Bitcoin reserves. This move by Ohio comes as part of growing interest by states in incorporating Bitcoin into their financial systems.
Moreover, technical analysis suggests resistance at $105,152, a crucial level for traders. Institutional investors are showing renewed interest, contributing to the Bitcoin price rally. The rising demand for Bitcoin ETFs also adds to the positive market sentiment, suggesting a bullish outlook for the cryptocurrency sector.
