5 Technical Signals Bitcoin Failed to Break $1.34 Billion: Support of IDR1.17 Billion in the Spotlight!

Jakarta, Pintu News – The price movement of Bitcoin is again a concern for cryptocurrency market players after failing to maintain the psychological level of USD 80,000 or around Rp1.34 billion. This condition raises new discussions regarding the short-term direction of the crypto market, especially for novice investors who are starting to pay attention to technical dynamics and important support levels.

1. Bitcoin fails to stay above USD 80,000

Bitcoin (BTC) has not been able to reclaim the USD 80,000 level or equivalent to IDR 1,343,040,000 at an exchange rate of 1 USD = IDR 16,788. This failure indicates that selling pressure is still quite dominant in the short term in the cryptocurrency market.

Technically, the area now serves as a fairly strong resistance. As long as BTC is below this level, price movements are likely to be limited and prone to further corrections.

Also Read: 5 BTC History Facts February often bounces back after January slump!

2. Short-term Price Structure Still Weak

In terms of market structure, Bitcoin (BTC) is forming a downtrend after failing to hold at the USD 82,500 area. This decline shifts the focus of crypto market participants to the lower support area as a reference for further movement.

BTC is also trading below its 100-hour simple moving average, which is often used to measure short-term momentum, indicating that market sentiment remains cautious.

3. USD 70,000 Support Area Begins to Be Observed

The next widely observed support level is in the range of USD 70,000 or around Rp1,175,160,000. This area is considered crucial because it has the potential to be a balance point between selling pressure and buying interest.

If this support is able to hold, the crypto market is likely to experience a consolidation phase before determining a new direction. However, if broken, the risk of further decline remains technically open.

4. Technical Indicators Signal Consolidation

Several technical indicators show that Bitcoin (BTC) is in a consolidation phase. This is common after high volatility, especially when the price fails to break through major resistance.

For cryptocurrency investors, the consolidation phase is often a period of market evaluation. Price movements tend to be narrower, but still hold the potential for a gradual change in direction.

5. Implications for Beginner Investors in the Crypto Market

For novice investors, this emphasizes the importance of understanding support and resistance levels in the crypto market. The movement of Bitcoin (BTC) shows that the price does not always move in one direction despite being in a long-term bullish phase.

Data-driven approaches and technical analysis help investors understand the risks without getting caught up in exaggerated expectations. As such, understanding the structure of the cryptocurrency market becomes more relevant than simply following price trends.

Also Read: Michael Saylor aims to buy Bitcoin when BTC drops to USD 78,000!

Follow us on Google News to stay up to date with the latest crypto and blockchain technology. Check Bitcoin price, USDT to IDR and Nvidia stock price tokenized via Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading the Pintu crypto app via Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Aayush Jindal/NewsBTC. Bitcoin Price Can’t Reclaim $80K, Putting $70K On The Radar. Accessed February 3, 2026.