Bitcoin Price Outlook: Breakout or Breakdown?

BTC is trading near $104,322, up 0.14%, but stuck in a tight range. On the 4H chart, the 50 EMA ($106,331) caps upside, while a Doji candle and bearish MACD hint at hesitation. Key support sits at $103,501 — a reversal here could trigger bullish momentum.

Regulatory Watch

Starting Jan 2026, the IRS will require wallet-by-wallet cost tracking for crypto via Form 1099-DA. Traders may face increased compliance and slower activity.

Texas Goes Bullish

Texas is set to launch a Bitcoin Reserve Fund, joining NH & AZ. A $500B market cap requirement ensures only top assets qualify. Big win for crypto mining hubs!

Key Levels

Support: $103,501 / $102,141

Resistance: $106,331 / $107,914

Final Take: Wait for confirmation — no clear breakout yet.

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