Oil Breaks Rp1.78 Million: What is the Prospect of Bitcoin (BTC) in April 2026?

Jakarta, Pintu News – The global oil price scored another high by breaking $105 per barrel or around Rp1,785,315, sparking concerns in the crypto and cryptocurrency markets. Historically, spikes in oil prices are often followed by corrections in Bitcoin (BTC), although the relationship between the two is not always consistent. This has led investors to take another look at whether the rise in global energy could trigger renewed pressure on the crypto market.

1. Oil Price of Rp1.78 Million Often Followed by Bitcoin (BTC) Correction

The price of WTI crude oil breaking $105 has coincided with Bitcoin (BTC) price declines several times. In some previous cases, BTC experienced deep corrections after a spike in global energy prices. This is often attributed to rising global economic uncertainty.

Historical data shows a significant pattern of decline over a period of time. Here are some examples of corrections that have occurred:

• Year 2014: BTC fell about 21% in 10 weeks
• March 2022: BTC drops around 14% in 7 days
• May 2022: BTC plummets by 27% in 1 week

However, this pattern does not always repeat itself consistently in every market cycle.

Also Read: Bitcoin ETF Facts Rp950 Trillion: Crypto Beats Gold as a Hedge?

2. Inconsistent Correlation, Other Factors are More Dominant

Although there are indications of a relationship between oil prices and Bitcoin (BTC), this correlation is not considered strong enough. Historically, only a few events have shown a similar pattern, so it cannot be used as a definitive indicator. Crypto price movements are still influenced by many other variables.

Some of the major factors that have contributed to the Bitcoin (BTC) correction in the past include the collapse of the Terra-Luna ecosystem and the liquidation of Mt. Gox. These events had a much larger systemic impact than the rise in oil prices alone. Therefore, attributing the crypto downturn solely to oil prices could be an oversimplification.

3. Global Sentiment and Geopolitics are the Main Triggers

The current surge in oil prices is triggered by global geopolitical tensions, including conflicts in the Middle East region. This situation increases economic uncertainty and depresses overall market sentiment. Investors tend to avoid high-risk assets such as cryptocurrencies under these conditions.

In addition, energy policies and political statements also influence market direction. When global risks increase, fund flows usually move to assets that are considered safer. This can lead to additional selling pressure on Bitcoin (BTC) and other crypto assets.

Bitcoin (BTC) Potentially Depressed, but Not Definitely

The rise in oil prices to above $105 or Rp1.78 million is a signal that crypto investors should pay attention to. While history suggests a potential Bitcoin (BTC) correction, this relationship is not always straightforward. Many other factors are more influential in determining the direction of the cryptocurrency market.

For you, it’s important to look at these conditions as a whole and not just rely on one indicator. Macro analysis, market sentiment, and fundamental factors remain key in understanding crypto movements. A data-driven approach and risk management will help with high market volatility.

Also Read: 5 Facts about Bitcoin Rp1.13 Billion: When Everything is Bearish, Is it a Bullish Signal?

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*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

• Marcel Pechman/Cointelegraph. Oil Prices Hit 3-Year High Above $105: Will Bitcoin Crash Again? Accessed March 31, 2026