This Week There Are Many Important Moments For The Crypto Market, This Is A Strategy That Needs To Be Done

Illustration of Bitcoin (photo: Pixabay)

JAKARTA - In the past week, the price of Bitcoin has decreased due to various factors. On Tuesday, April 16 morning, Bitcoin was perched at 63,210 US dollars (Rp1.02 billion), down 2.96 percent in the last 24 hours period.

According to Crypto's Financial Expert, Panji Yudha, currently BTC has the potential to move around 62,800 - 65,000 US dollars or around Rp1.01-1.05 billion. Even so, this week the crypto market will be colored with various important events.

Investors have specifically paid attention to three key sentiments, including US retail sales indicating economic stability and plans to cut Fed interest rates.

There was also a speech by the Deputy Chair of the Fed, Philip Jefferson, because the Federal Reserve's interest rate decision greatly influenced interest in crypto assets. No less important is the Bitcoin Halfing event that will occur on Saturday 20 April.

"The Haling Bitcoin incident also raises great anticipation because it can create an imbalance between supply and demand, potentially triggering a long-term spike in Bitcoin bullish," Panji said in his explanation.

In previous halling history, Bitcoin has always seen a fantastic increase a year after halving, so it has great potential to surpass its highest price at 73,250 US dollars (Rp1.18 billion) in the months post-halving.

In this anticipatory market situation, Panji suggested that investors pay close attention to every overall market development. There are two strategies to deal with the uncertainty of the Buy The Dip market, if Bitcoin experiences a significant decline, and Dollar Cost Averaging (DCA).

"Dollar Cost Average (DCA) where by making regular purchases, investors do not need to try to predict the right time to buy assets, which can reduce the risk of losing chances or making bad decisions due to rapid price fluctuations," explained Panji.