JAKARTA - In the last 24 hours, Bitcoin fell 2.50% to the level of 92,715 US dollars (Rp. 1.56 billion), triggered by the profit-taking action of retail investors after it had soared to near 98,000 US dollars (Rp. 1.66 billion) last week.
Financial Expert Ajaib Panji Yudha said that technically, although it has declined, the current movement of the BTC price is still in the MA-20 area and is held at the trendline support level.
"In addition to the technical movement of BTC in the support area, tomorrow's market (January 20) will pay attention to the potential for a US Supreme Court ruling on Trump's tariffs that could trigger macro volatility," explained Panji.
In line with this, Tokocrypto also noted that this movement put Bitcoin back into a crucial psychological area around $92,000-93,000 or around Rp1.55 - Rp1.57 billion.
According to him, if Bitcoin falls below this level, it will potentially open the space for further corrections towards lower psychological zones.
"On the other hand, if Bitcoin is able to survive and form a reflection from this area, the opportunity for a rebound remains open, with the nearest resistance back in the range of 94,500-95,500 US dollars (Rp1.60 - Rp1.61 billion)," explained Tokocrypto.
In a situation like this, caution remains the key. The next few days are expected to be very decisive in the direction of Bitcoin's next movement, whether it will rebuild its upward momentum or continue the deeper pressure.
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