JAKARTA - Bitcoin has jumped again near the level of US$105,000 (Rp1.73 billion), and is perched at the level of US$102,000 (Rp1.68 billion) on Thursday, May 15.
Responding to this, Analyst Reku, Fahmi Almuttaqin said that despite the uncertainty caused by President Trump's trade policy, the US economic condition is still quite solid.
In terms of policy, the latest US trade agreement with Britain and China, as well as easing low-value goods rates from China, also gave a positive signal to the crypto market.
"However, investors seem to be quite careful amid the current positive trends. Traditional US investors are also seen doing profit taking and holding on their Bitcoin investment," explained Fahmi.
Although the existing positive trend, especially in the crypto market, still looks quite solid, Fahmi said the price area of US$106,000 (Rp1.75 billion) has the potential to become a resistance that is quite difficult to pass.
Especially in the midst of a potential increase in inflation and a slowdown in economic growth due to Trump's tariff policy which still overshadows market optimism today.
Further developments related to the more accommodative US trade policy, the ratification of US pro-crypto policies, as well as the Fed's optimism for lowering interest rates, are examples of potential new catalysts that may develop in the future, Fahmi added.
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Looking at the existing situation, there are several options that investors may consider according to their respective investment preferences and objectives.
For investors who tend to be conservative, the current situation can be used to secure profit. As for investors who have long-term goals, hold strategies or even buy more, "he said.
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