Bitcoin Detained In IDR 1.7 Billion Impact Of Israel-Iran Conflict Tensions

Illustration (photo: Pixabay)

JAKARTA - The price of Bitcoin (BTC) shows resilience amid rising tensions between Israel and Iran as well as the decision of the United States Federal Reserve (The Fed) to hold interest rates again.

Currently on Thursday, June 19 at around 10:00 WIB, BTC is trading around the level of 104,250 US dollars or IDR 1.7 billion, down about 5% from its record high a month ago.

Meanwhile, Tokocrypto data shows Ethereum and other altcoins recording flat performance, and investor sentiment is still waiting for a signal from the Fed regarding its future monetary policy direction.

According to Tokocrypto analyst Fyqieh Fachrur, the crypto market is currently in a consolidation phase, where Bitcoin is testing its support zone at 104,000 US dollars or IDR 1.7 billion.

"This is a phase waiting for a new direction, both from the Fed's policies and geopolitical developments," Fyqieh said in a statement received.

According to him, if the Fed maintains a benchmark interest rate in the range of 4.25% to 4.50% as of July ahead of the next FOMC, this could signal a dovish, Bitcoin could potentially strengthen back to US$110,000 (Rp1.8 billion).

Despite being called a risky asset, historical data shows that Bitcoin tends to be stable and even strengthen in times of massive armed conflict.

"In the last 10 years, various geopolitical events such as the Russia-Ukraine (2022) war, the Israeli-Gaza (2023) conflict, to the latest escalation of Israel-Iran (2025), have not made the price of Bitcoin fall in the long term," he explained.

Fyqieh added, geopolitical conflict increases global inflation expectations through spikes in fiscal spending, supply chain disruptions, and rising commodity prices. In the long term, these factors tend to benefit Bitcoin.

However, Fyiqeh remains warned that BTC remains sensitive to market initial reactions to the war, with a possible selling pressure shortly after the conflict broke out.