📉 Bitcoin Today: Corrected Below $76,500, Pressure from BOJ Policies

Wednesday, April 29, 2026 – The price of Bitcoin (BTC) today has declined after failing to maintain the level above $78,000. The world's largest cryptocurrency is now moving below $76,500, influenced by more cautious global market sentiment.

 

💵 Latest Price Data

Based on the latest data:

- BTC Price: $76,346 or approximately IDR 1.31 billion (assuming an exchange rate of IDR 17,200)

- 24-hour change: Down 1.66%

- Price range: $76,138 – $78,226

- 24-hour trading volume: $36.06 billion USD

- Market capitalization: $1.53 trillion USD

 

📊 Brief Analysis

- Price still remains above the main moving average, but upward momentum is beginning to weaken.

- Technical indicators show a neutral to slightly bearish condition, with a risk of further correction if selling pressure increases.

- Key Levels:

- 🛑 Resistance: $77,500 – $78,000

- 🛡️ Support: $75,500 – $76,000, if broken could drop to $74,000

 

🌍 Influencing Factors

1. Bank of Japan (BOJ): An aggressive interest rate hike plan has triggered concerns in the global market, causing investors to tend to avoid risky assets like crypto.

2. Position Liquidation: There has been liquidation of long positions worth around $43 million, accelerating the price decline.

3. Miner Activity: Several publicly traded mining companies are known to be selling large amounts of Bitcoin, adding selling pressure in the market.

4. Macro Sentiment: Uncertainty in global monetary policy and geopolitical situations remain burdens for the crypto market.

 

💡 Conclusion

Bitcoin today is in a correction phase after previously attempting to break through high levels. The next movement will heavily depend on whether the price can hold above the support at $75,500 or not. Investors are advised to stay vigilant and manage risks properly.