“Bitcoin Breaks ₹30M in PKR: What’s Fueling the Surge & What’s Next?”
📈 At the time of writing, BTC is trading at approximately ₨30.6 million (~$108K), marking a 1.2% gain on the day and a 4.3% uptick over the past week. The market is buzzing—and here’s why:
1. Macro Tailwinds
Rate Pause Expectations: The US Fed recently hinted at holding interest rates steady following a string of moderate CPI data. This reduces the appeal of the dollar and boosts risk assets like Bitcoin.
Strong Inflows into ETFs: Multiple spot-BTC ETFs have seen renewed investor interest, leading to record daily inflows—some days crossing the billion-dollar mark.
2. Technical Strength
Bullish Price Action: Bitcoin has decisively reclaimed the $105K region. A break above the $110K–$112K resistance zone could trigger a fresh leg higher.
MACD Turn Positive: Chart indicators show momentum shifting back toward the bulls—an early signal of potential upside.
3. On-Chain Signals
Reduced Exchange Supply: Data shows BTC balances on exchanges are declining, hinting at more long-term holding behavior.
Whale Accumulation: Large addresses continue accumulating, reinforcing the bullish narrative.
📊 Key Levels to Watch
Support: ₨29M–₨30M (~$105K–$107K). A breakdown below this could open a short‑term pullback.
Resistance: ₨32M ($120K).
🔍 What Could Move the Market Next?
US Economic Data: Any surprises in inflation or employment could shift Federal Reserve policy outlook—and BTC accordingly.
Geopolitical News: Renewed macro uncertainty (e.g., China regulations, Middle East) often drives crypto demand.
ETF & Institutional Reports: Continued inflows or new filings from big players would reinforce the “crypto as institutional asset” narrative.
✅ TL;DR
Bitcoin is riding macro optimism and technical strength. If it holds above ₨30M, the path to ₨35M looks clear. But any big U.S. economic surprise or policy shift could reset short-term trends.
“Next move for BTC
