Bitcoin is Holding the Line at $75,000, but What’s the Next Move?

Jakarta, Pintu News – Recently, crypto analyst Ivan Liljeqvist warned that Bitcoin’s current movement has not yet reached its cyclical bottom, and predicted that there will still be a massive sell-off ahead. This statement comes amidst BTC’s efforts to show further upside signals, after briefly touching the $76,000 level on Tuesday (14/4).

The brief rise was triggered by a change in global geopolitical sentiment and the release of US Producer Price Index (PPI) data that surprised the market. So, how will Bitcoin price move today?

Bitcoin Price Up 0.88% in 24 Hours

On April 16, 2026, Bitcoin was trading at $75,033—roughly equivalent to IDR 1,287,347,613—marking a modest 0.88% increase over the past 24 hours. During this daily trading window, the cryptocurrency fluctuated between a low of IDR 1,263,611,150 and a peak of IDR 1,290,650,917.

At the time of writing, Bitcoin’s total market capitalization sits at approximately IDR 25,712 trillion. Despite the slight bump in price, 24-hour trading volume took a notable 25% dip, settling at IDR 624.84 trillion.

Read also: 5 Easy Ways to Get Bitcoin Without Capital, Really Can?

Analysts warn Bitcoin’s lowest point is yet to be reached

Ivan Liljeqvist stated that Bitcoin has not yet experienced the “extreme sell-off” phase(the big flush). He emphasized that the $60,000 level is not the bottom, and the overall market trend still shows strong weakness.

“I’m not sure $60,000 is the bottom line. You can certainly hope so, but that doesn’t change things. The trend is still down. The current few percent increase is just a small ripple if we look at the big picture,” he wrote.

Furthermore, the analyst highlighted MicroStrategy’s STRC dividend cycle as one of the factors driving BTC’s recent price movements. Buying pressure on STRC usually peaks around the 15th of every month. This moment is utilized by the Michael Saylor-led company to issue new shares and raise capital to buy more Bitcoin.

However, Liljeqvist cautioned that MicroStrategy will not be able to lift BTC prices past key resistance levels alone. He believes that the market is still in therisk-off phase that has been going on since October, and advises investors to focus more on securing capital rather than taking aggressive investment steps.

Read also: Top 5 Layer-1 Altcoins that are Said to Stand Out in April 2026!

Institutional Demand Potentially Curbs the Rate of Decline

Although the current market outlook is likely to be weak, institutional involvement is believed to be able to prevent a sharp price slump as happened in previous cycles.

Fidelity Digital Assets noted earlier this month that the downside risk in 2026 could prove to be less drastic than in the past. This is driven by the fact that around 12% of the total circulating Bitcoin supply is now controlled by publicly traded companies and ETFs.

Unlike the previous cycle, which was dominated by retail investor movements, the current decline is much more gentle. In comparison, the price of BTC plummeted by 82% after its peak in 2017, and by 77% after its record high in 2021. The current decline, which is only around 40% from its last record high, indicates a structural change in the dynamics of thebear market.

However, going into the second half of 2026, traders are still faced with one big question: whether this institutional buying power can provide a strong price support, or will it lead to a deepercapitulation.

Follow us on Google News to stay up to date with the latest in crypto and blockchain technology. Check Bitcoin price, usdt to idr and tokenized nvidia stock price through Pintu Market.

As a secure crypto app, Pintu provides a crypto trading experience to access crypto gold investment easily and conveniently. You can also see today’ s gold jewelry price and today’s gold bullion price to support your investment activities and portfolio diversification as well as learn crypto through Pintu Academy.

Download the Pintu crypto app via Play Store or App Store now. Enjoy web trading experience with advanced trading tools such as pro charting, various types of 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:

• BeInCrypto. Analyst Says Bitcoin’s ‘Big Flush’ Still Lies Ahead. Accessed on April 16, 2026