Bitcoin Hovers Near ₹1 Crore as Post-Halving Momentum Holds Strong

Bitcoin continued to hover near the ₹1 crore mark on Thursday, maintaining its post-halving strength despite slight market pullbacks. As of 10:02 am IST, Bitcoin was trading 0.72% lower over the past 24 hours, while Ethereum slipped 1.88% to $4,027. Most major altcoins — including BNB, XRP, Dogecoin, Solana, Cardano, and Hyperliquid — were also trading in the red, down by roughly 4%. Tron was the only major gainer, up over 1%. The global cryptocurrency market capitalization fell 0.91% to $3.78 trillion, according to CoinMarketCap data.

Analyst View

Sathvik Vishwanath, Co-Founder and CEO of Unocoin, said Bitcoin’s strength remains evident as it trades near ₹1.01 crore, driven by robust liquidity and strong buying activity. “Bulls dominate as global liquidity flows in, while dips are quickly absorbed by buyers. Key resistance sits around ₹1.03–1.05 crore; a clean breakout could accelerate BTC toward ₹1.15–1.2 crore,” he noted.

Vishwanath added that Bitcoin’s support remains strong around ₹98–100 lakh, offering low-risk accumulation zones for traders. Technical indicators, he said, continue to show bullish momentum, with oscillators suggesting short-term consolidation before another upward move. “Institutional interest and macroeconomic tailwinds amplify potential. This is not a pause — it’s a springboard,” he emphasized.

Weekly Performance

Over the past week, Bitcoin has fallen 8.59%, while Ethereum has slipped 9.53%. Analysts at CoinDCX said Bitcoin faced strong upward pressure during the previous trading session, briefly pushing prices toward the $110,000 mark before sellers regained control. “Although bulls prevented a deeper decline, the bearish dominance is reflected in BTC’s short-term structure,” the team explained.

Broader Market Dynamics

Ethereum continues to hold above $4,000, while other major cryptocurrencies such as BNB, XRP, Solana, Dogecoin, and Cardano have all dropped below key support levels at $1,200, $2.5, $200, $0.2, and $0.7 respectively. Despite short-term weakness, analysts suggest that institutional inflows and broader liquidity conditions remain supportive for the next leg of the crypto market’s rally.