Magic Analysis: Bitcoin Rises Slightly, Macro Pressure Still Haunts Crypto Market

JAKARTA - The crypto asset market recorded limited strengthening in the last 24 hours. Bitcoin (BTC) rose 1.23 percent, and was traded at the level of US$88,300 or around Rp1.47 billion on Wednesday, December 31 morning.

According to Financial Expert Ajaib, Panji Yudha, since October 2025, Bitcoin has corrected more than 30 percent from its peak at 126,000 US dollars (Rp2.1 billion) to the area of 87,000 US dollars (Rp1.45 billion), which was triggered by selling actions from whales and large-capitalized investors.

"In recent weeks, BTC tends to move sideways in the range of US$85,000-90,000 (Rp1.41 - Rp1.5 billion), which reflects the wait-and-see attitude of market participants," Panji said in his explanation.

Panji highlighted that global macroeconomic factors are still the main weight of crypto sentiment. The latest FOMC Minutes indicate that The Fed is likely to hold high interest rates for longer, with the chances of a cut assessed as small before March 2026.

"High interest rates and tight liquidity conditions are still weighing on crypto sentiment," he explained further.

For today's trading, Panji estimates that Bitcoin has the potential to move in the range of US$88,000-94,000 or around Rp1.46 - Rp1.56 billion.