Kentucky Leads as U.S. States Rush to Buy Bitcoin — Is Institutional FOMO Kicking In?

Bitcoin (BTC) remains solid, with institutional interest surging and longer-term development by regulators generally being supportive. The most recent breakthrough comes from Kentucky, where Governor Andy Beshear signed a bill that protects “Bitcoin Rights” for state residents. The law guarantees protection for the self-custody of Bitcoin wallets, grants the right to operate a node, and prohibits discrimination against users of digital assets. Kentucky has also proposed creating a Bitcoin reserve, like the bills proposed in Oklahoma, Arizona, and Missouri. These actions by state legislatures reflect a changing regulatory environment as Bitcoin is starting to establish itself within the financial system.

U.S. States Compete to Build Bitcoin Reserves

It’s not just Kentucky making waves, several states are now in a race to adopt Bitcoin at a government level. Oklahoma recently passed its Strategic Bitcoin Reserve Act in the House, bringing it one step closer to becoming law. Arizona is leading the charge with two Bitcoin reserve bills advancing, while Texas and Missouri are also exploring similar strategies. The idea of states holding Bitcoin as a hedge against inflation is becoming more mainstream, and it’s clear that digital assets are starting to play a bigger role in financial planning at the state level.

What This Means for Bitcoin’s Price

With more states moving toward Bitcoin-friendly policies, confidence in the crypto market is growing. Regulatory clarity has always been a major concern, so these developments could encourage more institutional and retail investors to jump in. That said, Bitcoin’s price still depends on broader BTC market trends and macroeconomic factors. In the next section, we’ll break down the latest price action and key technical indicators to see where BTC might be headed next.

Price Analysis and BTC Price Prediction

With Bitcoin (BTC) trading within an upward channel, the March 24 trading session got off to a bright start. Bitcoin soared to a peak of $86,624 around 00:35 UTC. But as soon as selling pressure appeared after a death cross and matched an oversold RSI signal, the momentum swiftly changed. This led to a precipitous but brief drop before the market recovered and BTC resumed its upward trend.

The continuing surge was bolstered by the appearance of a golden cross on the MACD at 2:30 UTC. Bitcoin moved into a new trading range at about 8:00 UTC, with $88,600 serving as significant resistance and $86,500 serving as support. Even while the upward trend persisted, the bulls were occasionally put to the test by sell-side pressure as market optimism kept prices rising.

Chart 1, Analyzed by Alokkp0608 published on March 25, 2025.

BTC hit the critical resistance level by 14:45 UTC, but an overbought RSI reading and a death cross indicated mounting selling pressure. Prices kept steady at first, but when sellers took control, they finally blinked. At 20:15 UTC, another death cross confirmed a change in momentum and signaled the start of a consistent downward trend. A bearish attitude remained as March 25 got underway, with Bitcoin continuing its downward trend despite buyers’ fleeting attempts at recovery. Prices were momentarily driven below the support level by the sell-off, but around 04:10 UTC, a golden cross suggested a possible reversal. With buyers progressively recovering trust, Bitcoin has been on a comeback path ever since.

Path Forward: Regulatory Momentum and BTC Market Trends

As more U.S. states advocate for Bitcoin reserves and legal protections around Bitcoin, the institutional confidence in BTC has built momentum. Kentucky’s Bitcoin Rights bill and similar implementations in Oklahoma, Arizona, and Missouri suggest a further shift into the mainstream adoption of BTC. These examples reduce regulatory uncertainty and suggest a positive long-term outlook for Bitcoin. From a technical perspective, Bitcoin remains resilient amidst sales after encountering resistance at $88,600.

After encountering some downward pressure, recent golden cross signals indicate a potential shift in BTC. There is also strong support at $86,500, and the next moves in BTC will depend on whether bulls can retake control. The BTC price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.