Bitcoin Price Drops To IDR 1.43 Billion, February Will Bearish Close?

Illustration of Bitcoin (photo: Pexels)

JAKARTA - Bitcoin has experienced a sharp decline to its lowest level over the past three months, to a level of 88,000 US dollars or around Rp1.43 billion. This means that Bitcoin has fallen by 7.86 percent in the last 24 hours.

Launching CoinMarketCap, Bitcoin's market capitalization now stands at $1.74 trillion and 24-hour trading volume skyrocketed by 192.86 percent to 72.94 billion US dollars.

Crypto magic notes that based on historical data, Bitcoin has always recorded a positive performance in February for the last 5 years. However, with only a few days remaining this month, the market faces a huge challenge to reverse the current bearish trend.

According to data from Coinclass, BTC has recorded a significant increase in February over the past few years, including +36.78 percent in 2021 and +43.55 percent in 2024. However, February 2025 has so far not shown the same pattern.

"BTC continues to try to penetrate the psychological level of 100,000 US dollars (Rp1.63 billion), but in the last three weeks it has been held back," said the Financial Expert Ajaib, Panji Yudha.

Previously, Panji said that BTC was on the verge of support for 91,000 US dollars (Rp1.48 billion), where if it was able to rebound, there was a potential increase towards 95,000 US dollars (Rp1.54 billion).

On the other hand, if the selling pressure increases and BTC drops from the support level, prices could continue to correct up to 88,000 (Rp1.43). Looking at the current facts, it appears that Bitcoin is failing to rebound to Rp1.54 billion.

However, amid this uncertainty, Panji advised investors to monitor market sentiment and readiness to face extreme movements in the future.