El Salvador’s strategic accumulation has seized a recent decline in Bitcoin prices to expand its national BTC reserves, a move that signals a bullish outlook for the digital asset. The government, led by President Nayib Bukele, continues its long-term strategy to accumulate Bitcoin, buying more during market dips. This approach is part of a deliberate plan to build a substantial reserve that can later finance public projects and support economic growth.
🚨 **BREAKING: The U.S. is officially embracing crypto.**
Trump just announced a **U.S. Crypto Reserve**—with **Bitcoin, Ethereum, Solana, XRP, and Cardano** included.
This isn’t just bullish. It’s historic.
The U.S. is finally positioning itself as a leader in…
— NashFast (@nash_fast) March 2, 2025
Despite the inherent volatility of Bitcoin, the country’s repeated acquisitions demonstrate strong institutional confidence. Analysts view this recurring strategy as a positive signal, indicating that governments are willing to invest in blockchain technology even during turbulent periods. This proactive policy not only bolsters investor sentiment but also sets a precedent for other nations to consider similar moves. As El Salvador leverages market downturns to its advantage, the overall sentiment around BTC remains optimistic and suggests further price appreciation in the future.
Key Bitcoin Levels To Watch—March 2
BTCUSD has bounced from the $85,010 support level, breaking above the 9-day SMA (Simple Moving Average) at $89,580. RSI (Relative Strength Index) has recovered above 51.10, indicating growing bullish momentum.
A breakout above the descending trendline and the $100,000 resistance could trigger a rally toward $109,360 and potentially $115,000. If the price rejects at resistance, a retest of $85,010 remains possible before further upside.
BTCUSD Key Levels
Resistance Levels: $100,000, $108,400, $115,000
Support Levels: $85,010, $66,780, $53,500
Bitcoin Metrics
Total Market Capitalisation: $2.85T
Bitcoin Market Capitalisation: $1.71T
Bitcoin Volume: $24.10B
Market Rank: #1
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