JAKARTA – In the month of Ramadan 2026, the crypto market again showed a pattern of volatility that is often associated with the seasonal phenomenon or the Ramadan Effect.

Historical data shows that in six of the last seven Ramadan (2019-2025), Bitcoin tends to experience sharp movements at the beginning of the period, followed by a phase of ups and downs (choppy), then weakening or losing momentum at the end of the month.

Instead of opening with a strong rally, at the beginning of Ramadan yesterday, Bitcoin actually experienced unstable movement, had a sharp correction (flush), and then tried to rebound. Even so, there is still potential for an increase, although it tends to be fragile and full of…