Texas Considers Bitcoin Reserve Amid Federal Push
On April 23, 2025, the Texas House of Representatives will vote on the Bitcoin Strategic Reserve Act to potentially establish a state-administered cryptocurrency reserve, primarily in Bitcoin, at the direction of the state treasurer, to have cryptocurrency on Texas's financial agenda, while federally, Senator Cynthia Lummis has introduced the BITCOIN Act of 2025 (S.954) to create a Strategic Bitcoin Reserve on behalf of the federal government so that the Treasury can purchase up to 1 million Bitcoin, as a reaction to President Trump's March 2025 executive order to create a strategic digital asset stockpile, both of which are independent initiatives to put cryptocurrency on the public finance and national economic policy agenda.
ETF Flows Signal Investor Hesitation
During the April 14-17, 2025, week, Bitcoin ETFs saw a small net inflow of $15.85 million, a reversal from the previous week's outflow of $713 million but still the smallest week of 2025, as investors remained cautious amid geopolitical trade tensions. While April 14 saw a net inflow of $1.5 million going into IBIT, total Bitcoin ETFs have experienced over $812 million in outflows for the month despite the price of Bitcoin having recovered, showing institutional investors are playing it safe.
Whales Accumulate, Hinting at Bullish Future
In April 2025, Bitcoin whales have shown aggressive accumulation and strategic reswitching, like a large whale unstaking 14,929 BTC and large holders continuously accumulating huge quantities, while small whale groups show a shift from selling into accumulation, with large anonymous transfers from wallets, all showing a wave of taking Bitcoin off exchanges into cold storage, relieving sell pressure and indicating optimism for Bitcoin's price future near resistance points.
Technical Analysis: Key Levels to Watch for BTC/USD
BTC/USD currently trades below both short-term (34-EMA and 55-EMA) and below long-term (200-EMA) moving averages on the daily chart. Minor support is around $75800; breaking below this would drag the pair down to $72000/$65000. Immediate resistance is around $87000 any breach above confirms intraday bullishness, a jump to $90000/ $95000/$100000. A secondary barrier at $110,000 indicates that closing above this level could lead to targets at $111,292, $115,000, or even $135,000.
Investment Strategy: Opportunities for Traders
Indicators (4-hour chart).
CCI(500- Bullish
Directional movement index - Neutral
It is good to buy on dips around $80000, with a stop-loss set at $72000 for a TP of $110000.


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