empty
29.05.2025 01:38 PM
Bitcoin demand shows no signs of fading

Bitcoin demand has shown resilience once again. After a brief dip below the $107,000 mark, the decline was swiftly bought up, demonstrating that buyers remain active and confident in the asset's long-term upside. Despite market pressure, traders are still betting on the continuation of the bullish trend.

This image is no longer relevant

This unwavering belief in Bitcoin's potential, reflected in its quick recovery from price pullbacks, suggests significant capital remains on standby, ready to flow in at attractive price levels. Such market behavior implies that investors view these dips as buying opportunities rather than reasons to panic.

Meanwhile, as the US pushes to become the world's leading crypto superpower, a surprise contender has emerged. Pakistan's authorities announced the creation of a government-led strategic Bitcoin platform. While it remains unclear how many bitcoins the country plans to acquire, or when, the recent appointment of Bin Saqib, CEO of the Pakistan Council on Cryptocurrencies, as Special Advisor on Blockchain and Crypto to Prime Minister Shehbaz Sharif signals a serious move forward.

In addition to building a Bitcoin reserve, Pakistan plans to invest in 2,000 megawatts of power for BTC mining and AI data centers. The country also intends to explore tokenizing its "illiquid assets" and using blockchain technology to streamline government functions.

In mid-May, Pakistan's Ministry of Finance launched the Digital Assets Regulatory Authority to oversee the crypto sector. This move came shortly after World Liberty Financial, a US-based group backed by Donald Trump, signed a letter of intent with the Pakistan Crypto Council to accelerate blockchain development in the region.

Currently, the US strategic Bitcoin reserve contains around 200,000 BTC seized in criminal and civil proceedings, placing America and China among the largest state holders of Bitcoin. El Salvador, the first nation to adopt Bitcoin as legal tender in September 2021, has accumulated around $664.72 million worth of BTC. Perhaps Pakistan will soon join the ranks of these crypto-forward nations.

Trading recommendations

This image is no longer relevant

Bitcoin (BTC)

Buyers are targeting a return to $108,400, which could open a direct path toward $109,900, and from there, a push to $110,700 is within reach. The ultimate target stands at $111,400. A breakout above this level would further strengthen the bullish trend.

If BTC declines, buyers are expected at $107,000. A move back below this zone may quickly drag Bitcoin toward $106,200, with a potential low at $105,200.

This image is no longer relevant

Ethereum (ETH)

Clear consolidation above $2,747 opens the way to $2,791, with an extended target at $2,838. A breakout here would indicate the start of a new bullish wave.

In the case of a drop, buyers are likely to emerge at $2,708. A return below this area could send ETH sliding toward $2,667, with the next key support at $2,625.

What we can see on the chart:

Red lines represent support and resistance zones, where either a slowdown or a price surge is expected.

  • Green line is the 50-day moving average.
  • Blue line is the 100-day moving average.
  • Light green line is the 200-day moving average.

Typically, price interaction with these moving averages signals a pause or triggers momentum in 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 el Ethereum (Ethereum) para el 18 de junio según el sistema ICT.

El Ethereum, mientras tanto, continúa sin moverse del sitio junto con el Bitcoin. Hemos visto toda una serie de desviaciones en el marco temporal de 4 horas, pero ninguna

Paolo Greco 08:08 2025-06-18 UTC+2

Recomendaciones para operar el Bitcoin (Bitcoin) para el 18 de junio según el sistema ICT.

El Bitcoin aún no puede superar la zona de $110 000 - $112 000, pero parece que se dispone a hacer otro intento de superar esta zona. En nuestros últimos

Paolo Greco 08:08 2025-06-18 UTC+2

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
¿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.