THECRYPTO.WATCH – BTC to IDR has increased as of January 22, 2022, worth 0.32 percent. Nevertheless, the performance of the digital currency has not yet risen into the red zone.
BTC to IDR exchange rate has increased by around 0.32 percent. Although the last few months experienced a slump. This makes some investors have to take swift steps to gain optimal profits. Please note, Bitcoin crypto assets are still not able to rise from the red numbers.
BTC Corrected 32.57 Percent in the Last 3 Months
This refers to Coinmarketcap.com, the largest capitalized currency at a level of 41,052 US dollars per BTC at 07.42 WIB and has corrected to reach 32.57 percent in the past three months.
The Co-Founder of Zipmex Indonesia, Raymond Sutanto, said that the crypto market is currently following the movement of the Nasdaq index depending on Federal Reserve policies. According to him, the market is currently anticipating the Fed’s four interest rate hikes in 2022.
He judged that if the Fed raises prices according to the plan, there is a high potential for a bullish comeback. However, if the increase tends to be more aggressive, for example reaching six or eight times, the bearish trend can continue.
Bitcoin Drop Could Reach 30,000 US Dollars
Raymond revealed that a Bitcoin price correction could experience a decline back to as low as 30,000 US dollars per BTC. However, it should be noted that the market is now at a strong support level.
Looking at the traffic figures from June 2021 to January 2022, the price of BTC has decreased inversely with the number of investors in the long run. The number of long-term investors actually increased amid the bearish trend of Bitcoin.
From a technical point of view, the price of Bitcoin has just broken through the support level at 42,213 US Dollars, so it is estimated that it will decline again. However, investors must be patient and wait.
BTC to IDR 524,066,184 on January 22, 2022 Could there be a decline?
When viewed from the side of risk and profit, the level of 40,000 USD has a downside risk as well as a fairly good profit, with a target number of 60K and a downside risk of up to 30,000 USD. BTC to IDR has increased by about 0.32 percent.
Therefore, it is better to allocate assets of at least 60 percent for taking positions. Meanwhile, 40 percent of cash to buy again if it declines reaches 33,000 to 36,000 US dollars.
However, Raymond disclosed that this is not investment advice. Therefore, the most important thing before investing in Bitcoin is to do personal research according to the profile of each risk.
The price BTC to IDR was worth 524,066,184 on January 22, 2022, an increase of around 1,647,921.30, or 0.32 percent.
