El Salvador Doubles Down on Bitcoin With New Banking Law

by Ouess

El Salvador has taken another bold step in its Bitcoin revolution. The country just approved an Investment Banking Law that could transform it into a regional crypto hub – and potentially help push BTC toward $130,000.

What the New Law Allows

✅ Banks can hold Bitcoin and other digital assets
💰 $50M minimum capital required for licensed banks
🎯 Serves sophisticated investors ($250K+ minimum)
🌎 Opens door to tokenized bonds, stablecoin services

https://twitter.com/nodemanbtc/status/1954023318287261752?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1954023318287261752%7Ctwgr%5E8adf587c7780b6e8199aa1249b7faef1520c4c4c%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptonews.com%2Fnews%2Fbitcoin-price-prediction-el-salvadors-new-law-fuels-institutional-demand-whats-the-btc-outlook%2F

Juan Carlos Reyes, head of El Salvador’s Digital Assets Commission, stated:

“This lets banks operate as Bitcoin-focused entities for the first time.”

Global Crypto Partnerships Expand

🤝 Pakistan collaboration on nation-level adoption
💵 Bolivia deal to promote crypto amid dollar shortages
⚡ Energy talks to support Bitcoin mining growth

Bitcoin Price Outlook: Bullish Signals

📈 Current price$118,059 (breaking bullish flag)
🎯 Key targets: $123,250 → $127,000 → $130,000
📊 Technical support:

BTC Price Source : TradingView

  • $113,678 (38.2% Fibonacci)
  • $110,721 (50% Fibonacci)

Indicators favor bulls:
🔹 MACD bullish crossover
🔹 RSI at 57 (room to run)
🔹 50-day SMA holding as support

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