Bitcoin Price Touches IDR 1.1 Billion, Is There A Possibility Of Reaching IDR 1.2 Billion During Halving?

Illustration of Bitcoin (photo: Unsplash)

JAKARTA - Bitcoin (BTC) recorded its new record high on Wednesday, March 13, with a value of 73,650 US dollars (Rp1.14 billion). However, ahead of halling, it is possible that BTC will reach 80,000 US dollars (Rp1.2 billion).

According to Tokocrypto trader Fyqieh Fachrur, the current price of Bitcoin will still move in the range of US$ 71,000-72,000 (Rp1.06 - 1.12 billion), slightly below record highs.

"If ETF investment continues to increase next week, Bitcoin prices have the potential to reach US$80,000 (around Rp 1.2 billion)," Fyqieh said in a statement on Thursday, March 14.

Because according to him, by the end of the month, the figure of 80,000 US dollars (Rp 1.2 billion) was not impossible for Bitcoin.

Investors trapped in Fear of missing out (FOMO) are likely to arrive soon, as ETF has expanded its market to reach more individual investors," he added.

Nevertheless, Fyqieh emphasized that investors should be more careful about observing the increasingly dynamic movement of the Bitcoin price.

He suggested that investors do in-depth research before jumping in and accumulating Bitcoin or other crypto assets is very important.

"The movement of crypto and Bitcoin markets is never linear. Every bullish crypto market will definitely experience a correction," he said.