Bitcoin Price Prediction: BTC Hits $104K as Ohio Passes Tax Break and Kraken Adds Staking

Bitcoin Cryptocurrency

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

About Author

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

Author Profile

Share

Copied

Ad Disclosure

Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More

Last updated: 

June 19, 2025

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

Bitcoin (BTC) is at $104,341 with a $39.9B daily volume. The market is consolidating, but momentum is building. As state-level crypto policies evolve and DeFi integration grows, the foundations for a price breakout are being laid.

The circulating supply of BTC is getting close to 19.88M, and scarcity is a bullish driver. However, beyond supply and demand theory, real-world catalysts are providing traders with new reasons to remain long.

Ohio Passes $200 Bitcoin Tax Break, Eyes Senate Vote

The Ohio House of Representatives has just passed the Blockchain Basics Act (68–26), providing new protections for crypto users and miners.

• $200 tax exemption on capital gains for crypto transactions
• Ban on interference with self-custody wallets
• Mining protection from discriminatory zoning laws

If passed by the Senate, Ohio would lead U.S. states in progressive crypto regulation. This clarity is bullish; it reduces friction for adoption and provides a model for others to follow.

Miners, developers, and retail traders are likely to benefit from the more favorable legal landscape, which could drive Bitcoin demand over time.

Kraken Launches Native Bitcoin Staking via Babylon

In a notable move for BTCFi (a Bitcoin-based DeFi platform), Kraken has partnered with Babylon Labs to offer native Bitcoin staking, with no wrapping, bridging, or lending required.

Using Babylon’s protocol, users can stake BTC and earn BABY tokens while their funds are secured on the Bitcoin network itself.

This has several bullish implications:

• Reduces the circulating BTC supply, providing long-term price support
• Shows BTC utility beyond store of value
• Institutional BTCFi participation grows the ecosystem liquidity

As more Bitcoin is locked for staking and institutions explore yield strategies, BTC’s role in decentralized finance is maturing rapidly.

Bitcoin Technical Setup: Triangle Apex Nears $105K

On the 2-hour chart, BTC is coiling within a classic ascending triangle, forming higher lows with horizontal resistance near $105,000. The 50-EMA at $105,252 acts as a dynamic ceiling.

Momentum indicators suggest a breakout may be imminent.

Trade setup to watch:

• Entry: Break above $105,500 with a strong candle
• Targets: $107,200, then $108,351
• Stop-loss: Below trendline at $103,400
• MACD: Flat, awaiting confirmation
• Candlesticks: Multiple doji and spinning tops near resistance

Bottom Line:

BTC is consolidating at a critical resistance zone, while real-world catalysts, like regulatory clarity and staking innovation, boost confidence. A breakout above $105,500 could trigger a fresh leg higher in Bitcoin’s 2025 bull run.

BTC Bull Token Nears $8.2M Cap as 58% APY Staking Attracts Last-Minute Buyers

With BTC trading near $105K, investor focus is shifting toward altcoins, especially BTC Bull Token ($BTCBULL). The project has now raised $7,249,360 out of its $8,290,897 cap, leaving less than $1 million before the next token price hike. The current price of $0.00257 is expected to increase once the cap is hit.

BTC Bull Token links its value directly to Bitcoin through two core mechanisms:

• BTC Airdrops reward holders, with presale participants receiving priority.
• Supply Burns occur automatically every time BTC increases by $50,000, reducing $BTCBULL’s circulating supply.

The token also features a 58% APY staking pool holding over 1.81 billion tokens, offering:

• No lockups or fees
• Full liquidity
• Stable passive yields, even in volatile markets

This staking model appeals to both DeFi veterans and newcomers seeking hands-off income.

With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates.