BTC Price – Bitcoin (BTC) hit a wall at $123,218 last month but remains resilient, trading at $119,641.77 with a 24-hour volume of $90 billion. The cryptocurrency is holding above the critical $117,000 support level, a zone analysts call pivotal for sustaining bullish momentum.
A breakout above $120,000 could reignite a rally toward $125,000, while a drop below $117,000 may signal a correction to $113,000.
The market is buzzing with institutional activity. Metaplanet’s $61.4 million Bitcoin purchase pushed its holdings to 18,113 BTC, while BlackRock’s ETF inflows hit $57.4 billion.
In India, BTC’s price of ₹10,437,243.12 reflects strong demand, but traders must account for India’s 30% crypto tax and 1% TDS when planning investments.
Technical indicators are cautiously bullish. The 50-day EMA ($113,456) supports prices, and the MACD hints at a potential bullish crossover. However, the 200-day moving average’s decline suggests long-term caution.
Indian investors can leverage btcprice.in’s real-time charts to track these levels and set alerts for key price points. Local exchanges like WazirX offer INR-based trading, but fees and liquidity vary.
Global factors, like U.S. inflation data and Trump’s crypto-friendly policies, are driving sentiment. Finder’s survey predicts a $162,353 peak in 2025, though some warn of a bubble driven by institutional hype.
For Indian users, staying updated via btcprice.in’s news section is crucial to navigate volatility and regulatory risks.
Can Bitcoin break through resistance? Visit btcprice.in for live price updates and insights to make informed trading decisions in India’s crypto market.
