JAKARTA - On Tuesday, June 17, Bitcoin (BTC) was trading 107,250 US dollars (Rp1.74 billion), up 1.72% in the past 24 hours, as the crypto market follows the recovery of the United States stock market.
The Financial Expert Ajaib, Panji Yudha said that bitcoin still holds solidly above the psychological level of US$100,000 (Rp1.62 billion), and indicates that medium-term buying and buying interest from institutions remains strong, even in the midst of geopolitical turmoil and macro uncertainty.
The focus of investors is now shifting to three important macro indicators scheduled for this week:
The Fed has postponed flower rate cuts in recent meetings, but there is a possibility of cutting 25 bps in September 2025. Amid this uncertainty, Bitcoin is increasingly seen as an alternative hedge against macro pressure, "said Panji.
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According to Panji, technically, Bitcoin is now at a crucial point. The convincing breakout above $110,000 could pave the way to a new all-time high, with a short-term target of US$115,000 (Rp1.87 billion).
On the other hand, if Bitcoin's failure to penetrate this level can trigger a profit-taking, with the nearest support zone at 106,000 US dollars or around Rp. 1.72 billion.
"If BTC is able to confirm 110,000 US dollars (Rp1.79 billion) as a new support level, this could be a foothold for the next rally towards a new record high," Panji concluded.
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