First target: Previous support zone — around $85,000–$90,000
Second target (if breakdown continues): Major support near $72,000–$75,000
To refine these levels, traders often use:
Fibonacci retracement (e.g., 0.382 or 0.5 levels)
Horizontal support/resistance
Moving averages (like the 100D or 200D MA)
Bitcoin is showing a double bearish divergence, where price is rising but RSI is falling, indicating weakening momentum and a potential trend reversal or correction ahead.
Support Zones: 1.0350, 0.9980 Resistance Zones: 1.1220, 1.1750
Strategy Insight: LAYER is gearing up for a strong upside push, reclaiming bullish strength and heading toward key resistance at 1.12. Keep an eye on a clean breakout or healthy pullback entry. Volume confirms interest—don’t wait too long!
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New York bill proposes legalizing Bitcoin, crypto for state payments
The bill seeks to legalize cryptocurrency payments using Bitcoin, Ethereum, Litecoin and Bitcoin Cash, but may mandate an an additional state “service fee” for these transactions. A New York lawmaker has introduced legislation that would allow state agencies to accept cryptocurrency payments, signaling growing political momentum for digital asset integration in public services.
Assembly Bill A7788, introduced by Assemblyman Clyde Vanel, seeks to amend state financial law to allow New York state agencies to accept cryptocurrencies as a form of payment.
It would permit state agencies to accept payments in Bitcoin BTC $81,955 , Ether ETH $1,557 , Litecoin LTC $75.86 and Bitcoin Cash BCH $301.59 , according to the bill’s text.
Source: Nysenate.gov
According to the bill, state offices could authorize crypto payments for “fines, civil penalties, rent, rates, taxes, fees, charges, revenue, financial obligations or other amounts,” as well as penalties, special assessments and interest.
Bitcoin is showing signs of bearish momentum, with selling pressure increasing. If key support levels break, a sharper decline could follow. Traders should watch for volatility as the market reacts in the coming hours. #WhaleMovements $BTC
Michael Saylor Hints at New Bitcoin Acquisition on X
Michael Saylor, the founder of Strategy, has once again shared information related to the Bitcoin Tracker on the X platform. Historically, MicroStrategy has consistently disclosed its Bitcoin acquisition details the day following such announcements.
This pattern has led to speculation within the crypto community that MicroStrategy may soon reveal another significant purchase of Bitcoin.