The Pakistanian government is preparing to start a strategic Bitcoin (BTC) reserve for guaranteeing long -term economic prosperity. The announcement was presented on Wednesday at the BITCOIN 2025 meeting held at BILAL BIN SAQIB, a special assistant of Pakistan, on blockchain and cryptocurrency, at the Las Vegas Venice Convention Center.
SAQIB announced that Pakistan will establish a strategic Bitcoin protection zone and not sell BTC Trobes in the future. Pakistan also wants to follow the footsteps of the United States, which is to implement a strategic Bitcoin protection area to deal with high debt burdens.
“We are inspired by the US government, we will have this bitcoin and never sell it.
What is the following of the Bitcoin price behavior?
Bitcoin Price has been in the market correction by experiencing a significant resistance level of more than $ 110K over the last few days. The flagship coin has fallen more than 2 % to trade about $ 107K on Wednesday, May 29 at the North American trading session over the last 24 hours.
Bitcoin Price has experienced constant weakness from last Friday, despite the remarkable accumulation of institutional investors. In addition, more institutional investors led by GAMESTOP have joined the strategy of acquiring more BTCs with hedge to inflation.
https://x.com/techcharts/status/19279149709090363555?s=46
According to Market Analyst, according to AkSel Kibar, Bitcoin Price must remove about $ 109K of resistance obstacles every week and invalidate potential stations for $ 76K. In addition, BTC prices can form a potential double top with the weakening of the weekly relative strength index (RSI).