Bitcoin’s recent surge to ₹1,08,367 has sparked debates about whether the cryptocurrency has hit a ceiling or is poised for further gains. The digital asset, which has gained momentum alongside broader crypto market enthusiasm, is now under scrutiny as analysts highlight key resistance levels that could determine its next move.
Source – FXStreet
Market observers point to ₹1,05,000 as a crucial support zone, with a failure to hold above this level potentially triggering a deeper correction. On the upside, ₹1,10,000 remains a psychological barrier, requiring significant volume to break. Bitcoin’s trajectory is also being influenced by macroeconomic factors, including the Federal Reserve’s interest rate outlook and ongoing regulatory developments.
While the recent rally has reignited investor interest, the cryptocurrency’s ability to sustain its upward momentum hinges on its performance at these critical levels.
