Bitcoin Price Prediction: Illinois Crypto Transfer Tax Proposal Adds New Regulatory Pressure

The article argues that Bitcoin is facing a fresh regulatory overhang after Illinois became the first U.S. state to impose a direct 0.2% tax on digital asset transfers under SB3019. The tax applies broadly to crypto movements, including wallet-to-wallet transfers and custody actions, and is expected to raise about $60 million annually starting in FY2027. The piece says this may dampen on-chain activity and sentiment, especially if other states adopt similar measures. From a price perspective, BTC remains range-bound, with support at $60,000–$62,000 and resistance above $66,000. The article suggests spot ETF inflows are still the main bullish catalyst, but absent stronger demand, Bitcoin likely stays sideways under regulatory pressure.