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Get ready, Bitcoin Price Can Reach Rp 1 Billion!

Jakarta, CNBC Indonesia The prices of three major crypto assets moved higher this morning. On a weekly basis, prices shot up.

On Sunday (11/14/2021) at 08:54 WIB, here are the price developments for the three main crypto ‘currencies’:

After breaking an all-time high above $69,000 this week, bitcoin’s price has started to retreat steadily. However, there was no extraordinary fluctuation, still in the range of US$ 63,800.

“Technically, bitcoin is currently undergoing a phase kijun on. Possible price will go to level support in the range of US$ 60,100-59,500,” said Paul Spirgel, Reuters Market Analyst, in his research.

While level resistance estimated in the range of US $ 65,600-69,000. After the price dropped to touch US $ 56,400, there was room for an increase to US $ 70,150 and continued to US $ 73,400.

Quoting the middle rate of Bank Indonesia (BI) dated November 12, 2021, US$ 1 is equivalent to Rp. 14,243. So if the price of a bit coin can touch US $ 73,400, then it is equal to Rp 1.04 billion. Wow…

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