Bitcoin Price Predictions: Fails to Reach a New All-Time High Despite Increasing Institutional Support and State Backing

The price of Bitcoin stabilized around $105,200 on Tuesday, just 4% away from its all-time high of $109,588. JPMorgan CEO Jamie Dimon states that the bank will allow customers to purchase Bitcoin. The Texas House of Representatives is set to have a second reading of a bill that, if passed, will establish a Bitcoin reserve.