Bitcoin Begins Recovery, BTC Price Likely to Rise Again to Rp1.2 Trillion

Jakarta – The price of Bitcoin, the world’s largest cryptocurrency asset, has begun showing signs of recovery following a sharp decline in recent times. The latest price movements have sparked renewed hopes amongst investors that market momentum could turn positive again.

This recovery has occurred as Bitcoin has managed to maintain an important support level and begun moving upwards gradually. However, numerous analysts believe the market remains in a consolidation phase, meaning the direction of the next move will depend heavily on the price’s ability to break through several crucial resistance levels.

According to TradingView data from Tuesday, 10 March 2026, Bitcoin previously continued its downward trend, falling below USD66,500 or approximately Rp1.11 trillion (based on an exchange rate of Rp16,800). The cryptocurrency even tested support territory around USD65,500, or roughly Rp1.10 trillion, before buying pressure from investors finally emerged.

The latest low point was formed at USD65,646, or approximately Rp1.10 trillion. After this, the price began forming a recovery wave and moved upwards again.

Bitcoin subsequently managed to break through several important resistance levels around USD67,200 or approximately Rp1.13 trillion and USD67,500 or approximately Rp1.13 trillion. This increase demonstrates that buying interest is beginning to return to the market.

The buying pressure from bullish investor groups even managed to push the price beyond the 23.6 per cent Fibonacci retracement level from the previous decline, ranging from the peak of USD74,062 or approximately Rp1.24 trillion to the low of USD65,646.

Nevertheless, selling pressure from bearish investors remains fairly strong, particularly when the price approaches the USD70,000 area or approximately Rp1.18 trillion.

Currently, Bitcoin is trading above USD68,000 or approximately Rp1.14 trillion and is above the 100-hour simple moving average indicator.

Analysts have noted an important downward trend line that forms a resistance area around USD69,250 or approximately Rp1.16 trillion on the hourly BTC/USD chart.

If the price manages to remain stable above the USD67,500 level or approximately Rp1.13 trillion, Bitcoin has potential for further gains.

The nearest resistance is located around USD69,250 or Rp1.16 trillion. The next important resistance level is in the region of USD69,600 or approximately Rp1.17 trillion, which also coincides with the 50 per cent Fibonacci retracement level from the previous decline.