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

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.

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.

Ohio's HB 116 advances with unanimous 13-0 vote in the House Tech Committee.

It protects self-custody, mining, and introduces a first-in-the-nation #Bitcoin tax exemption on purchases under $200. pic.twitter.com/d7C1D4NcO1

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

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.

AND. WE’RE. LIVE

It's time to join the Bitcoin Staking Revolution

Babylon Testnet, the first ever Trustless Native Bitcoin Staking protocol, is now officially live!

Get involved, stake Signet #BTC and claim your free Pioneer Pass now.https://t.co/kdBgiu12Fq

pic.twitter.com/l0eZTmZzev

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.

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

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.

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.

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