Bitcoin Price Hits $81,000 as Florida and New Hampshire Push Bold Bitcoin Reserve Bills: $85K Breakout Next?

With New Hampshire and Florida introducing Bitcoin reserve laws this week, state-level support for Bitcoin is still gaining momentum nationwide. The House of New Hampshire barely passed HB302; HB487 received unanimous approval from Florida’s Insurance and Banking Committee. This legislation seeks to enable state treasuries to invest in Bitcoin to position crypto as part of a bigger fiscal strategy by means of public funds. The trend suggests an increase in decentralized finance at the federal level as more states investigate digital asset reserves; among them, Bitcoin reserve is the most adopted.

Legislative Progress and Strategic Context

New Hampshire’s HB302 passed the state House by a close vote and now moves to the Senate. If signed into law, the bill would let the state treasurer allocate up to 10% of the general fund and other accounts to precious metals and select digital assets. The bill limits crypto investments to assets with a market cap above $500 billion; currently, only Bitcoin qualifies. Lawmakers debated the bill’s necessity, with critics questioning its security implications and supporters arguing for its economic potential. 

On the same day, Florida’s House Insurance and Banking Committee approved a similar bill, HB487.  It also permits allocating up to 10% of select state funds into Bitcoin and includes custody and investment structures provisions. The bill now faces two more committee votes before a full House floor reading. Together, these moves place both states alongside Arizona, Texas, and Oklahoma in the push to explore Bitcoin as a strategic hedge asset, highlighting the asset’s evolving role in public finance policy. Let’s take a look at the Bitcoin price to see how these things affect the price of Bitcoin.

Bitcoin Price Prediction for April 11, 2025

The 15-minute BTC/USDT chart shows Bitcoin experiencing a strong rebound from the $78,000 support zone after a sharp correction from its recent peak near $83,000. The price surged past previous resistance levels around $78,500, now acting as support, and currently trades around $80,538 with bullish momentum. A key breakout above mid-level resistance ignited the rally, suggesting renewed buying interest. The RSI stands at 60.44, indicating a slight bullish bias without entering overbought territory, leaving room for further upside. 

Chart 1: Analysed by vallijat007, published on TradingView, April 11, 2025

Historically, RSI levels on this chart have marked strong reaction points, with multiple oversold readings aligning with local bottoms. On the MACD, a prior death cross marked the recent downtrend, but momentum is shifting. The histogram has turned green, and the MACD line is now crossing above the signal line,  a bullish indication. If BTC maintains support above $80,000, the next target could retest resistance near $82,500–$83,000. However, failure to hold above $78,500 may lead to a pullback toward the $75,000 support region.

Bitcoin Policy Gains Momentum at the State Level

The advancement of Bitcoin reserve bills in New Hampshire and Florida reflects a growing willingness among U.S. states to integrate digital assets into their fiscal frameworks. While full implementation still faces legislative hurdles, the bipartisan movement signals Bitcoin’s evolving role in public finance. As macro uncertainty continues, more state governments may see Bitcoin as a strategic hedge. With momentum building, these early policy shifts could begin a broader trend toward crypto-backed state reserves.