Bitcoin hovers near Rs 1 crore mark; Rs 98 lakh–Rs 1.05 crore levels key to watch, say market analysts

Bitcoin were seen hovering near the Rs 1 crore mark, riding strong post-halving momentum. Meanwhile, Ethereum trades at $4,027 on Thursday.

As of 10:02 am IST, Bitcoin was down by 0.72% in the past 24 hours. Ethereum was down by 1.88% at $4,0288. Other major tokens—including BNB, XRP, Dogecoin, Solana, Cardano, and Hyperliquid were down nearly 4% whereas Tron rose over 1%. Overall, the crypto market capitalisation went down by 0.91% to $3.78 trillion, according to CoinMarketCap.

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Sathvik Vishwanath, Co-Founder and CEO at Unocoin, believes that “BTC is surging near Rs 1.01 crore, riding strong post-halving momentum. Bulls dominate as global liquidity flows in, while dips are quickly absorbed by buyers. Key resistance sits around Rs 1.03–1.05 Crore; a clean breakout could accelerate BTC toward Rs 1.15–1.2 Crore.”

Vishwanath adds that support holds near Rs 98–100L, offering low-risk entry points, and the technicals show bullish patterns, with volume confirming accumulation. “Oscillators hint at short-term consolidation before the next leg. Institutional interest and macro tailwinds amplify potential. This is not a pause — it’s a springboard. Strategic accumulation now positions you for the bull-run surge.”

In the past week, the world's largest cryptocurrency, Bitcoin, has edged down by 8.59% whereas Ethereum has gone down by 9.53% in the same time period.

According to CoinDCX Research Team, Bitcoin faced strong upward pressure during the last trading day that dragged the levels close to $110,000. Although the bulls prevented a plunge below the range, the bearish dominance is reflected in the BTC price rally.

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“Meanwhile, Ethereum sustains over $4000, while BNB, XRP, Solana, Dogecoin, and Cardano drop below their respective support at $1200, $2.5, $200, $0.2, and $0.7.” Coin DCX Research Team added.