Will Bitcoin Reach $92K or Will Traders Cash In? A Look at Recent Trends

Bitcoin has experienced a period of steady growth over the past three weeks, overcoming its month-long descending trendline resistance to reach new heights. A key development lies in Texas’ proposed Bitcoin Strategic Reserve Act scheduled for deliberation on April 23rd. This act could see the state formally holding Bitcoin in its balance sheet, potentially setting a precedent for other states in the US. The recent surge is largely attributed to increased demand.