JAKARTA - Bitcoin has again attracted the world's attention after successfully breaking the psychological figure of 100,000 US dollars (Rp1.63 billion). On Monday, January 20, Bitcoin was perched at 101,700 US dollars (Rp1.66 billion).

Tokocrypto trader Fyqieh Fachrur predicts that Bitcoin price movements until the inauguration of US President-elect Donald Trump will depend heavily on a combination of macroeconomic sentiment and crypto market catalysts.

In addition, he also stated, Bitcoin could reach the range of US$101,000 (1.63 billion) to US$102,000 (Rp1.66 billion) in the next few weeks, supported by solid economic data.

"Currently, Bitcoin has penetrated the key resistance level at 100,000 US dollars (Rp1.63 billion) which opens up opportunities to continue its bullish trend towards its next target of 103,000 US dollars (Rp1.68 billion)," explained Fyqieh.

He also said that this momentum was supported by market optimism for the pro-crypto policy plan of the new government, such as initiatives to build national strategic Bitcoin reserves that could strengthen Bitcoin narratives as strategic assets.

However, Fyqieh commemorates some of the risks that will remain. For example, the upcoming Federal Open Market Committee (FOMC) meeting is said to be able to affect market sentiment.

"Despite high optimism, investors need to remain vigilant against global market dynamics. Bitcoin has great potential, but its volatility must be managed with the right strategy," concluded Fyqieh.


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)

Add VOI as a Preferred Source
Follow VOI news updates across Google.
+