Technical Analysis
Technically, Bitcoin has shown significant strength in the last 24 hours. Several key indicators support this increase:
- Relative Strength Index (RSI): The RSI is in the neutral zone towards overbought, indicating strong buying momentum.
- Moving Average: The average price trend supports bullish movement, with the potential to reach a new high above IDR1.65 billion.
- Today's highest level of IDR1,650,000,000 is a critical resistance. If this level is successfully penetrated, the price of Bitcoin has the potential to continue the rally to IDR1.7 billion in the near future.
