Bitcoin Price Increasingly Approaching IDR 700 Million!Baca artikel detikfinance, "Harga Bitcoin M

The crypto market in 2023 will continue to strengthen, one of which is Bitcoin (BTC). Having stumbled in 2022, the price of Bitcoin managed to touch US$ 31,000 in July 2023.
Reporting from coinmarketcap, Saturday (9/12/2023), the price of Bitcoin has reached US$ 44,253 or around Rp. 685,921,500 (Exchange rate Rp. 15,500). Even though last year the price of Bitcoin fell by 65%.

Quoted from Forbes, Bitcoin has strengthened more than 80% since the beginning of 2023. Bitcoin's rise has exceeded several other assets, providing big profits for investors who bought at the bottom price.

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Marshall Beard, chief strategist at crypto exchange Gemini believes Bitcoin has the potential to break its highest level this year. Moreover, if Bitcoin manages to approach its record high of US$ 69,000, then the prediction of breaking through the US$ 100,000 mark will become more attractive.

"The figure of US$ 100,000 is quite interesting if Bitcoin can approach its record high of around US$ 69,000," he said.

Additionally, Paolo Ardoino, chief technology officer at Tether also has a positive view of Bitcoin. He said BTC could exceed its record high of around US$ 69,000

For information, since April 2023 Bitcoin touched the main resistance at the US$ 30,000 level for the first time since June 10 2022, then fell to the US$ 26,000 level. But the price of BTC has now risen above US$ 40,000.

A number of crypto experts believe that Bitcoin can reach the level of US$ 60,000 by the end of 2023. Even if it is based on its all-time high, Bitcoin's price has fallen by around 40%.

The future of Bitcoin is still uncertain and retail investors need to be wary of Bitcoin's movements. A number of countries also implement strict regulations on crypto transactions, for example India which uses anti-money laundering laws on crypto transactions.