A US state may start acquiring Bitcoin within the next four months, as stated by Dennis Porter during a recent Bitcoin event. While Texas faces legal restrictions, Porter suggests other states are advancing Bitcoin reserve legislation. This marks a significant milestone in state-level cryptocurrency adoption.

Porter, from the Satoshi Action Fund, indicates that 10-12 US states may introduce Bitcoin-related legislation by 2025. Notably, one state is poised to finalize its bill soon, allowing them to purchase Bitcoin. This could set a precedent for broader institutional engagement with the cryptocurrency.

The current Bitcoin price stands at 97,936 USD, experiencing minor declines. Traders have identified key resistance levels at 98,092 USD and 100,022 USD. Technically, support lies at 95,837 USD, suggesting a cautious outlook amidst modest upward momentum. Buyers are vigilant, anticipating potential breakthroughs.