empty
28.05.2025 09:36 AM
Bitcoin Remains Within a Range Conducive to Growth

Yesterday, Bitcoin and Ethereum continued to attract demand from traders and investors, maintaining strong prospects for the continuation of the bullish market.

Meanwhile, the International Monetary Fund (IMF) stated that it would work to ensure that the amount of Bitcoin held on El Salvador's government balance sheet remains unchanged. This position contradicts President Nayib Bukele's ongoing calls to increase the country's Bitcoin holdings.

This image is no longer relevant

The IMF's stance underscores the growing concerns within the international community about El Salvador's financial stability, particularly given the volatility of the cryptocurrency market. Increasing the share of Bitcoin in national reserves could pose significant risks to financial resilience, especially in the event of a sharp decline in crypto valuations. At the same time, President Bukele's push to expand Bitcoin adoption reflects his belief in its potential as a tool for economic development and financial inclusion. He views Bitcoin as a way to attract investment, reduce dependency on traditional financial institutions, and provide access to financial services for those excluded from the conventional banking system.

The IMF's latest statement followed news that the first review of the Extended Fund Facility (EFF) agreement with El Salvador had reached a staff-level agreement. Recall that in December of last year, El Salvador and the IMF reached a preliminary deal to limit the country's crypto-related activities, including Bitcoin, in exchange for a 40-month financing package that includes a $1.4 billion loan. Other institutions, including the World Bank, may also provide supplementary support, potentially bringing the total package to around $3.5 billion.

El Salvador moved quickly to advance the deal: its Congress approved amendments that incorporate the IMF agreement into the Bitcoin Law, including making Bitcoin payment optional for the private sector. In February of this year, the IMF Executive Board also gave the green light to the agreement's financing, allowing El Salvador to receive a $120 million payout following a separate board approval.

Meanwhile, Bukele—a vocal Bitcoin advocate—has vowed to continue expanding the country's holdings even after the IMF deal was approved. "No, this will not stop," Bukele wrote. "If it didn't stop when the world ostracized us, it won't stop now, and it won't stop in the future." Just last week, Bukele posted on social media that the country's Bitcoin holdings had generated over $357 million in unrealized profit.

Trade Recommendations:

This image is no longer relevant

Bitcoin Technical Outlook:

Buyers are currently targeting a return to the $109,300 level, which would open a direct path to $110,000, with $110,700 just within reach. The ultimate bullish target is around $111,400—a breakout above this level would further reinforce the bull market.

In case of a decline, buyers are expected to step in around $108,500. A move back below this area could quickly drag BTC down toward $107,700, with $107,000 as the furthest bearish target.

This image is no longer relevant

Ethereum Technical Outlook:

A clear consolidation above $2,667 opens a direct path to $2,708. The furthest upward target is around $2,747, and a breakout above that would confirm the continuation of the bullish trend.

If Ethereum declines, support is expected at $2,625. A move below this level could send ETH down to $2,588, with $2,548 as the final bearish target.

Chart Key:

  • Red levels – support and resistance areas where price may either slow down or bounce sharply;
  • Green line – 50-day moving average;
  • Blue line – 100-day moving average;
  • Light green line – 200-day moving average.

The crossing or testing of moving averages by price often serves as either a stopping point or an impulse trigger for the market.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Recomendaciones para operar con el Bitcoin el 17 de junio según el sistema ICT.

El Bitcoin no logró superar la zona de $110 000 - $112 000, pero parece que está a punto de intentar nuevamente superar esta zona. En nuestros últimos artículos hemos

Paolo Greco 08:31 2025-06-17 UTC+2

La SEC da luz verde para la compra de el Bitcoin por parte de Trump Media

El Bitcoin y el Ether subieron considerablemente al comienzo de la semana, recuperando casi por completo las pérdidas que sufrieron el pasado viernes en el momento del inicio del conflicto

Jakub Novak 10:54 2025-06-16 UTC+2

Recomendaciones para operar con el Bitcoin el 16 de junio según el sistema ICT

El Bitcoin no logró superar la zona de $110 000 - $112 000. Durante ambos días del fin de semana, el Bitcoin se mantuvo en el mismo lugar, sin mostrar

Paolo Greco 07:11 2025-06-16 UTC+2

El mercado de criptomonedas se desplomó, y esta es la razón

El Bitcoin y el Ethereum se desplomaron. El Bitcoin perdió alrededor del 3,5% solo en las operaciones matutinas, mientras que el Ethereum cayó más del 10%, recuperándose ligeramente después

Jakub Novak 08:52 2025-06-13 UTC+2

Recomendaciones para operar con el Bitcoin el 13 de junio según el sistema ICT.

La corrección terminó prácticamente sin comenzar, pero el Bitcoin sigue sin poder superar el área de $110 000 - $112 000. Para nosotros esto no es sorprendente

Paolo Greco 08:52 2025-06-13 UTC+2

La Ley sobre los stablecoins GENIUS cobra nueva vida

Mientras el Bitcoin corrige sin lograr actualizar su máximo histórico, el Senado de EE.UU. votó con 68 votos a favor y 30 en contra la adopción

Jakub Novak 12:11 2025-06-12 UTC+2

Recomendaciones para operar con el Bitcoin para el 11 de junio según el sistema ICT.

La corrección terminó sin apenas comenzar. El Bitcoin lleva seis días consecutivos creciendo vertiginosamente y ha vuelto a sus máximos históricos. Este movimiento estuvo precedido por al menos dos patrones

Paolo Greco 07:53 2025-06-11 UTC+2

El Bitcoin vuelve a subir, y hay razones para ello

El Bitcoin ha vuelto al crecimiento, arrastrando consigo a otros activos del mercado de criptomonedas. El repunte de hoy durante la sesión asiática indica claramente una ruptura de niveles técnicos

Jakub Novak 13:08 2025-06-10 UTC+2

Recomendaciones para operar con el Bitcoin el 10 de junio según el sistema ICT

La corrección terminó sin siquiera haber comenzado. Por quinto día consecutivo, el Bitcoin sube como la espuma. Este movimiento fue precedido por al menos dos patrones "alcistas" en el marco

Paolo Greco 08:05 2025-06-10 UTC+2

El Bitcoin se balancea en el límite

La presión sobre el Bitcoin está regresando gradualmente, ya que la incapacidad repetida de superar el nivel de $106 000 indica que todo el crecimiento reciente tuvo un carácter

Jakub Novak 08:31 2025-06-09 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.