JAKARTA - Bitcoin price movements show significant pressure amid increasing geopolitical uncertainty, especially after US President Donald Trump's speech on the Iranian conflict.
After holding at around 68,000 US dollars (Rp1.15 billion) ahead of the speech, Bitcoin corrected to around 66,000 US dollars (Rp1.12 billion), as the global market reacted negatively to the potential escalation of the conflict.
Before the speech took place, market participants had anticipated the "war will end soon" narrative, which encouraged the movement of Bitcoin and other risky assets.
However, market sentiment has become increasingly depressed after Trump said the United States would step up attacks on Iran in the next two to three weeks, without giving a clear timeline for ending the conflict.
Tokocrypto analyst, Fyqieh Fachrur, assessed that this condition reflects the classic phenomenon of "sell the news", where positive expectations have been anticipated by the market, but not followed by the corresponding realization.
"The market previously anticipated the possibility of de-escalation of the conflict, so most of the positive sentiment was actually reflected in the price. When Trump's speech did not provide certainty, market participants chose to reduce risk," said Fyqieh.
Furthermore, Fyqieh projected that in the short term Bitcoin still has the potential to move in a consolidation phase with a volatile tendency.
"As long as Bitcoin is still below the resistance area of 70,000-75,000 US dollars (Rp1.18 - Rp1.27 billion), the price movement tends to be sideways with the risk of further correction, especially if macro pressures such as rising energy prices and interest rates continue," he explained.
He added, in a negative scenario, Bitcoin has the potential to retest the support area in the range of 60,000 US dollars (Rp1.12 billion), even up to 40,000-60,000 US dollars (Rp679 million - Rp1.12 billion) if geopolitical pressures increase and market liquidity decreases.
However, if the conflict begins to subside and global liquidity increases again, Bitcoin has the opportunity to gradually strengthen again. In the medium to late 2026, the prospects for Bitcoin are still relatively positive.
In fact, according to him, some projections show that prices have the potential to be in the range of US$80,000-100,000 (Rp1.35 - Rp1.69 billion) as a basic scenario, with the potential for higher increases.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
