$BTC Bitcoin (BTC) Price and Market Update as of Saturday, May 3, 2025, 4:37 PM IST:

Current Price:

As per the latest data, 1 Bitcoin (BTC) is currently trading at approximately ₹ 8,247,051.68 in Indian Rupees. In USD terms, recent reports indicate prices fluctuating around the $94,000 to $97,000 range. Some sources even suggest Bitcoin briefly surpassed $97,000 and is aiming to recover the $100,000 level.

Market Capitalization:

Bitcoin remains the leading cryptocurrency with a market capitalization of around $1.87 Trillion to $1.93 Trillion. It constitutes a significant portion of the total cryptocurrency market.

Recent News and Analysis:

Several bullish signals have emerged recently, suggesting a potential upward trend for Bitcoin:

* Local Bottom Confirmed: Analysts indicate that Bitcoin has established a strong local bottom, particularly after April closed in the green and reclaimed key technical levels.

* Bullish Ichimoku Cloud: Bitcoin's price closing firmly above the Tenkan, Kijun, and Kumo cloud, with all lines sloping upwards, reinforces a bullish momentum and trend structure.

* Reclaimed Key Resistance: Bitcoin has reportedly reclaimed its April high (around $95,173), which is now acting as a support level.

* Potential Price Targets: Some analysts are eyeing price targets such as $100,000 in the near term and even as high as $135,000 within the next 100 days, based on technical and on-chain indicators.

* Correlation with Global Liquidity: Bitcoin's price action is expected to closely follow global liquidity trends.