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
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:
- $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