JAKARTA - After the Federal Reserve (The Fed) chairman, Jerome Powell confirmed that the Fed would not change the US interest rate, Bitcoin had experienced a surge of up to 87,453 US dollars (Rp1.44 billion) on March 20, 2025.

Some analysts see that Bitcoin still has the potential for further rise. Tokocrypto analyst Fyqieh Almuttaqin identified a bullish pattern on BTC's daily chart, which could bring prices to the 90,000 dollar level.

According to Fyqieh, Bitcoin price volatility will still be high in the next few months, especially if the Fed shows a more dovish stance on monetary policy.

"If Powell indicates a decline in interest rates by the end of this year, Bitcoin could test the 90,000 dollar level. However, if monetary policy remains tight, there is a risk of a decrease of up to US$76.000 (Rp1.25 billion)," explained Fyqieh.

In addition to the Fed's policy, he also sees that geopolitical factors can play an important role. Major events such as the US government's decision on crypto regulation, as well as global geopolitical conflicts, can significantly affect the movement of Bitcoin prices.

Bitcoin continues to show its appeal as a major investment asset amid global economic uncertainty. With market dominance of 60.7 percent and capitalization reaching 1.73 trillion US dollars, investor interest remains high.

However, Fyqieh emphasized that investors need to pay close attention to various factors that can affect prices, including monetary policy, institutional inflows, and geopolitical dynamics.

"For investors who want to take advantage of this volatility, understanding the support level at 80,000 US dollars (Rp1.32 billion) and resistance at 85,500 US dollars (Rp1.41 billion) and 87,000 US dollars (Rp1.43 billion) is the key to making a wiser investment decision," he concluded.


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