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.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
Pavel Vlasov
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Crypto market: buyers setting tone amid trade deals in anticipation of Fed's status quo

The crypto market's Fear & Greed index currently stands at 73 out of 100, indicating a Greed zone and strong buying interest from market participants. Meanwhile, Ethereum (ETH)

Jurij Tolin 14:58 2025-07-29 UTC+2

Demand for Bitcoin and Ethereum remains strong

As we observe corrections in the cryptocurrency market, there are always those who take advantage of the moment and actively buy up discounted assets. According to analytical think tanks, many

Jakub Novak 09:28 2025-07-29 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 29

Bitcoin corrected by the end of yesterday, testing the $117,500 level, but is already trading above $119,000 today, indicating sustained high demand even during minor pullbacks. Ethereum has also recovered

Miroslaw Bawulski 08:42 2025-07-29 UTC+2

Trading tips for crypto market on July 28 (North American session)

Bitcoin has once again failed in its attempt to test and consolidate above the $120,000 mark, currently dipping back below $119,000. Ethereum has also slightly retreated after attempting to break

Miroslaw Bawulski 14:04 2025-07-28 UTC+2

Bitcoin quickly regained ground

Last Friday, I noted that Bitcoin had touched the $115,000 level, and during today's Asian trading session, we already saw a test of the resistance near $119,800. This highlights

Jakub Novak 09:58 2025-07-28 UTC+2

Trading Recommendations for the Cryptocurrency Market on July 28

Bitcoin has recovered all of last week's losses and is now just one step away from the $120,000 mark. Ethereum has also seen significant growth, surpassing the $3,900 mark. There

Miroslaw Bawulski 08:29 2025-07-28 UTC+2

The Death Cross EMA condition on Solana confirms that sellers remain dominant despite the potential for temporary strength, Friday, July 25, 2025.

Solana – Friday, July 25, 2025 With the EMA in a Death Cross condition and the RSI (14) in a Neutral Bearish condition, Solana cryptocurrency indicates that sellers are still

Arief Makmur 12:03 2025-07-25 UTC+2

The appearance of divergence in the RSI on Litecoin indicates the potential for limited upside up to its pivot level on Friday, July 25, 2025.

Litecoin – Friday, July 25, 2025 The appearance of divergence between the RSI(14) indicator and Litecoin's price movement indicates the potential for limited upside. The RSI(14) remains in a neutral

Arief Makmur 12:03 2025-07-25 UTC+2

Bitcoin plunges to $115,000

Sooner or later, this had to happen. After Bitcoin had made brave attempts to break above $120,000, the price dropped to nearly $115,000. In fact, this is nothing surprising

Jakub Novak 09:41 2025-07-25 UTC+2

Tether confidently advances toward entry into the US market

Bitcoin continues to trade within the 116,500–120,000 channel, showing solid volatility. Ethereum, however, is performing significantly worse following a recent decline in spot ETF inflows. Meanwhile, yesterday Tether CEO Paolo

Jakub Novak 10:07 2025-07-24 UTC+2
Can't speak right now?
Ask your question in the 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.