Bitcoin Rebound After Falling At IDR 1.67 Billion, Analysts Remind To Be Careful

Illustration of Bitcoin (photo: Pexels)

JAKARTA - In the last 24 hours, Bitcoin (BTC) has increased by 2.80% moving at 103,565 US dollars (Rp1.72 billion), after falling below the psychological level of 100,000 US dollars (Rp1.67 billion for the first time since June 2025.

"After 48 hours of turmoil in which prices dropped below US$100,000 for the first time since May, the crypto asset market is now showing signs of re-life," said Panji Yudha, Financial Expert Ajaib.

Panji explained that this price rebound is the initial signal of potential market recovery. However, he emphasized that investors should remain cautious because the selling pressure still looks strong.

"Although there is a significant price recovery, the volume of trade is still high, indicating that traders are still very careful," he said.

According to Panji, to confirm a stronger trend reversal, traders need to monitor daily closures above the level of US$105,000 (Rp1.75 trillion) and 108,000 (Rp1.80 trillion).

Meanwhile, if the price fails to maintain the level of 102,000 US dollars (Rp1.71 trillion), he added, it is not impossible that the market will re-test the critical level of 100,000 US dollars (Rp1.67 trillion).

Panji also stated that the movement of the Bitcoin price in the next few days will determine short-term sentiment in the crypto market.