Jakarta, Pintu News – Bitcoin (BTC) is entering a “decision time” phase towards mid-April after moving sideways for almost two months. The current price hovers around US$69,350 or around Rp1,178,287,950 at an exchange rate of Rp16,997 per dollar. These conditions have the crypto and cryptocurrency markets bracing for the next big move.
Bitcoin has moved in a range of US$62,000 to US$74,000 over the past two months. If converted, this range is around Rp1,053,814,000 to Rp1,257,778,000. These long sideways movements are usually followed by big breakouts.
Analysts say BTC is now entering its 9th week of consolidation. Historically, similar patterns often end with strong moves. This makes mid-April a crucial period.
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Bitcoin is currently testing the US$69,000-US$70,000 area. This zone is equivalent to about Rp1,172,793,000 to Rp1,189,790,000. A breakout above this area could trigger a rally.
If successfully penetrated, the next target is at US$72,000-US$74,000. This level is equivalent to Rp1,223,784,000 to Rp1,257,778,000. Crypto traders are monitoring this area as a bullish signal.
If BTC fails to breakout, the price could drop to US$65,000-US$66,000. This zone is equivalent to around Rp1,104,805,000 to Rp1,121,802,000. This area is short-term support.
This level has been holding the price for several weeks. Many holders are in this area creating a price floor. Strong support usually triggers accumulation.
URPD data shows a large cluster holder between US$63,111-US$70,685. This range is equivalent to Rp1,072,702,467 to Rp1,201,470,445. This area is referred to as the “No-Trade Zone”.
As long as the price is in that area, the market tends to stagnate. Holders maintain their long positions. This makes the volatility temporarily decrease.
The long-term upward trendline is around US$60,000 and US$56,000. If converted, these levels are around Rp1,019,820,000 and Rp951,832,000. This area is considered major support since 2017.
Each previous retest triggered a major bull run. Analysts call this level a launchpad. Crypto investors often wait for this area for accumulation.

Some on-chain metrics show strong buying areas below US$50,000. For example, CVDD is at US$47,960 or around IDR815,150,120. The MVRV 0.8 band is at US$43,647 or IDR741,835,059.
Other levels include the realized price of a long-term holder of US$49,387. The value is around IDR 839,406,239. If reached, the market could enter a major accumulation phase.
Bitcoin (BTC) is approaching a major decision phase. A breakout above Rp1.19 billion could trigger a rally. Conversely, a rejection could bring a short-term correction.
You need to pay attention to key resistance and support areas. Movements from consolidation zones are usually strong. The cryptocurrency market is likely to be volatile in a few weeks.
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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.