Jakarta, Pintu News – Bitcoin (BTC) is in a crucial phase with an important support level around Rp1.02 billion that must be maintained to avoid a potential deeper drop in the crypto market.
Bitcoin (BTC) is currently trading at around $66,700 or the equivalent of Rp1,133,000,000. Although it looks stable, it is only about 9% away from the next important support level.
This level is of major concern to investors as it often determines the direction of the next trend. In the context of cryptocurrencies, losing major support usually triggers greater selling pressure.
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The main support is at $60,490 or approximately Rp1,027,000,000, known as the Binance Reserve Realized Price. This level reflects the average price of Bitcoin holdings on the world’s largest exchange.
If the price drops below this level, most of the BTC reserves on Binance will be at a loss. This could potentially trigger negative sentiment and increase selling pressure in the crypto market.
If this support does not hold, Bitcoin has the potential to drop to around $54,000 or the equivalent of Rp917,000,000. This level is the next support based on global realized price data.
In previous bear market cycles, BTC has even corrected up to 70-80% from its peak. This suggests that the risk of a deeper decline remains for cryptocurrency investors to consider.
The crypto market has been in a bearish phase for the past six months, influenced by geopolitical tensions and global macroeconomic conditions. Factors such as inflation, high interest rates, and global uncertainty are putting pressure on prices.
In addition, market volatility makes it difficult for Bitcoin to build a stable uptrend. This condition causes price movements to tend to be sideways with correction pressure still emerging.

Although downside risks are still high, analysts also see short-term upside potential. Predictions suggest Bitcoin could rise to $72,426 to $74,187 or around Rp1.23 billion-Rp1.26 billion if momentum returns.
However, this scenario is highly dependent on market sentiment and liquidity flows. Therefore, crypto investors need to monitor support and resistance levels with discipline before making a decision.
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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.
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