Based on the latest data, Bitcoin is trading in the range of $79,000 – $79,300 or equivalent to approximately IDR 1.36 billion (assuming an exchange rate of IDR 17,200 per US dollar), experiencing an increase of about 1.8% – 2.2% in the last 24 hours. During this period, BTC touched a high of around $79,400 and a low of $77,700, indicating a fairly wide movement range but still within an upward trend.

Weekly, Bitcoin still records an increase of about 5.89% and manages to stay firmly above the important support level of $77,000 – $77,500. Bitcoin's market capitalization reaches around $1.58 trillion, with market dominance rising to 60.66%.

 

Technical Analysis

Technically, Bitcoin currently has a fairly strong momentum:

- The price successfully broke through the important Fibonacci level around $78,980, which is a positive signal for the continuation of the upward trend.
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- The RSI indicator is in the range of 75.7, indicating that the upward momentum is still strong but approaching the overbought zone(too expensive), which could trigger a short-term correction.
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- The $79,500 level is the nearest resistance being tested. If it is successfully broken with strong volume, the chance to break through $80,000 will increase.
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- On the other hand, the area of $77,300 – $77,500 becomes a crucial support. As long as the price stays above this zone, the bullish structure remains intact.

Important Levels:

- Resistance: $79,500, $80,000, $82,000
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- Support: $77,500, $76,000