- The BTC price closed the previous day’s trade at INR 34,38,902.03 with a market capitalization of INR 90200 Crores and a circulating supply of 1,89,98,762 BTC
- Bitcoin is consolidating hard and attempting to sustain above INR 35,50,55,000 until the quarterly close
- However, the upcoming Q2 is expected to be more thriving as the asset aims to hit INR 37,86,76,000 in the first few days of Q2 trade
BitcoinPrice Analysis: How High Will BTC Crypto Price Go in April 2022?
Bitcoin price currently is swinging within a minor range and attempting to hold the INR 36.09 Lac levels. However, the monthly and the quarterly close are on the toes which may induce extreme volatility irrespective of the direction. If the BTC price closes the Q1 trade above INR 40 Lac, then a significant uptrend may be witnessed since the beginning of Q2.
a huge chance of a pullback may encounter the rally ahead as the BTC price has reached these levels after a long time. But if the price sustains above INR 40 Lac then a significant chance of the asset to set up healthy uptrend surfaces. And hence may utilize all its resources to head towards the INR 50 Lac target by the end of April 2022.
Bitcoin Price Prediction: Will Bitcoin Price Hit INR 75 Lac in 2022?
Bitcoin is almost half the way to achieving the much-speculated target at INR 75 lac. However, the asset has witnessed a couple of pullbacks in an attempt to range toward this target. And hence a similar trend may be witnessed if the price again ranges close to INR 55 lac. As the possibility of the traders squeezing out profits are high, the price may face another bearish trend as it surpasses INR 50 lac or INR 52 lac. Therefore, with enhanced trader confidence and market sentiments, the price may reach the desired target of INR 75 lac.
Bitcoin Price Analysis: BTC Price Table (Last 07 Days)
|Date||All-Time High||All-Time Low||Market Capitalization|
|30 March 2022||INR 36,85,506||INR 35,95,000||INR 90200 Cr|
|29 March 2022||INR 37,09,000||INR 36,10,000||INR 90567 Cr|
|28 March 2022||INR 36,90,000||INR 35,34,107||INR 90571 Cr|
|27 March 2022||INR 35,90,000||INR 34,32,559||INR 85292 Cr|
|26 March 2022||INR 34,68,021||INR 34,18,372||INR 84260 Cr|
|25 March 2022||INR 34,93,530||INR 33,80,000||INR 84264 Cr|
|24 March 2022||INR 34,19,999||INR 32,931,35||INR 83251 Cr|
Bitcoin Price Prediction: BitcoinPrice Trend Comparison with ETH (Last 30 Days)
Bitcoin and Ethereum are the top 2 cryptos in the market that hold a large share of the market capitalization. ETH is believed to follow the BTC price trend and also decouples now and then. Both the price trends maintained a significant rally since the beginning of the month and are on the verge to close without much difference. However, Ethereum showcased huge strength at frequent intervals, whereas Bitcoin remained slightly down. Yet both the assets are above the average levels, BTC by 22.38% and ETH by 19.95%.
Additional Read: Bitcoin vs Ethereum
BTC Price Prediction 2022: Latest BTC coin News in March 2022
Nearly 1000BTC was Activated After 7.7 Years
A massive amount of dormant BTC is been activated in recent times which is speculated to be linked to the Cryptsy hack/theft
MicroStrategy’s Subsidiary Takes $205 Million Loan to Buy More Bitcoin
MicroStrategy which has 110,000 BTC has kept $205 million worth of BTC as collateral to buy more Bitcoin.
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