Bitcoin Rebound, Up More Than 7 Percent In 24 Hours At The Level Of IDR 1.54 Billion
JAKARTA - The price of Bitcoin (BTC) has shown significant movement in the last 24 hours. Based on the latest data, BTC is trading at the level of 92,696 US dollars (Rp1.54 billion) up +7.08% compared to the previous day.
This spike marks a strong rebound after a period of weakening in recent weeks, where BTC had moved under macro pressure and profit-taking.
Launching the Tokocrypto news site, Bitcoin recovery was triggered by several factors, one of which was a sharp post-correction technical rebound in recent months.
In a period of 30 to 90 days, BTC had fallen by 14.37%, 23.93%, and 16.92%, respectively, which put these assets in oversold condition. The relatively cheap price is used by market participants to accumulate, triggering a short-term price spike.
"Today's 7% rebound is seen as a technical response to prolonged selling pressure," said Tokocrypto.
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In addition to technical factors, global market sentiment is also starting to improve. The softer data on the United States macroeconomics encourages the return of investor risk tastes, making volatile assets like cryptoREEN again. Bitcoin as the largest crypto asset gets the strongest boost from this change in sentiment.
Di sisi lain, aktivitas jaringan Bitcoin menunjukkan peningkatan dalam 48 jam terakhir, termasuk naiknya volume transaksi on-chain dan aksi beli dari investor besar atau whale.
Although it has not indicated a potential major breakout in the near future, this trend reflects the increasing market confidence in the direction of further Bitcoin movement.