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Bitcoin rebounds 5.5% from $62,000 low as Adam Back calls the move 'bouncy' and expects $1M by 2028

Market News
15 Nov 2026, 16:11 WIB
UToday
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Neutral
Bitcoin rebounds 5.5% from $62,000 low as Adam Back calls the move 'bouncy' and expects $1M by 2028

Bitcoin dropped to a four-month low of $62,029 before rebounding 5.5% to around $65,487. Adam Back, Blockstream CEO and early Bitcoin pioneer, described the price action as "bouncy" and remains bullish, predicting Bitcoin could reach $1 million by 2028. Despite a 20% decline over the past month and recent market challenges including a major Binance hack and large liquidations, Back sees strong future demand from institutional investors and calls Bitcoin "better gold" due to its capped supply. He believes the current cycle is in its early stages with significant capital yet to enter the market.

While Bitcoin recently rebounded from a four-month low near $62,000, on Pluang it trades at Rp1.192.572.413 with a 1-day decline of 1.71% as of Nov 15, 2026 21:21 WIB. In contrast, Binance Coin (BNB) is priced much lower at Rp10.851.311 and shows a similar 1-day drop of 1.68%. Bitcoin's market cap of Rp24.024,22T vastly exceeds BNB's Rp1.429,66T, highlighting Bitcoin's dominant position despite recent volatility.

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