Keith Allen, co-founder of Material Indicators, highlights potential downside targets for Bitcoin if sellers regain market control. He identifies the 21-week moving average as a critical support level around $94,000.
El Salvador's recent purchase of 8 more bitcoins underlines its complex relationship with the International Monetary Fund (IMF), as the country navigates between its financial obligations and growing ambitions in the crypto space.
According to representatives of Trump Media and Technology Group, owned by the family of the US President, the company intends to raise about $2.5 billion to make investments in bitcoin.
Coinotag analysts project that bitcoin will continue to rise, mainly due to a surge in accumulation by large investors. This dynamic indicates a potentially fruitful period for long-term holders of the cryptocurrency.
According to a Bitwise report, the total number of bitcoins owned by publicly traded companies increased from 394,131 to 786,857 between November 15, 2024, and May 15, 2025. This represents a rise of 392,726 coins.
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