Bitcoin Price Prediction: Will Whale Activity Drive Potential Rise to IDR1.63 Billion?

Jakarta, Pintu News – Bitcoin (BTC) is showing signs of recovery after experiencing a price correction over the past few weeks. On-chain analysts are observing a bullish divergence pattern, which suggests that selling pressure is weakening and the potential for price increases is getting stronger.

This pattern is evident from the Relative Strength Index (RSI) indicator forminghigher lows, despite the previous decline in BTC prices. This suggests that buying interest is starting to increase, while selling pressure from the market is diminishing. If this trend continues, Bitcoin could break the psychological level of Rp1.63 billion ($100,000) again in the near future.

The Role of Whales in Bitcoin Price Movement

Institutional Investors Increase BTC Holdings

Whale investors have begun to increase their accumulation of Bitcoin as the price corrects. Some institutions, such as Ark Invest, bought 997 BTC in the past week, while Cantor Fitzgerald launched a Rp32.6 trillion ($2 billion) Bitcoin financing business.

This move suggests that institutional investors are taking advantage of lower prices to add to their holdings. If this accumulation trend continues, the supply of BTC in the market could become increasingly limited, which could push prices higher.

Also Read: Ethereum Prediction: Recovery or Bearish Signal? Here’s the Mid-March 2025 Technical Analysis!

Potential Short Squeeze Liquidation

On the other hand, some investors have placed large short positions against Bitcoin, including one whale who opened a short position worth IDR4.89 trillion ($300 million) with an entry price of IDR1.37 billion ($84,040) using 40x leverage. If BTC prices rise significantly, these positions are at risk of being liquidated, which could accelerate the price rally due to the short squeeze effect.

However, if BTC fails to maintain key support levels, there is a downside risk of up to IDR 749 million ($46,000), especially if the price falls below the50-week moving average.

Bitcoin Technical Analysis: Bullish Trend or Deeper Correction?

Technically, Bitcoin is still in a recovery phase with a short-term target above IDR1.45 billion ($89,000). If BTC manages to break this resistance level, the price could head towards Rp1.51 billion ($92,956) and further to Rp1.58 billion ($96,827).

However, if selling pressure increases and the price drops below IDR1.26 billion ($80,000), Bitcoin could again test critical support at IDR1.18 billion ($76,000). With whale activity on the rise, it is likely that market volatility will remain high in the coming days.

Conclusion: Will Bitcoin Reach Rp1.63 Billion?

Large investor activity and technical patterns suggest that Bitcoin has a chance to experience a short-term rally. If selling pressure continues to weaken and whale accumulation continues, BTC could potentially head towards IDR1.63 billion ($100,000).

However, investors should remain wary of the possibility of further corrections, especially if BTC fails to break key resistances or if the market experiences major liquidations. Close monitoring of whale movements and macroeconomic decisions remains key in determining Bitcoin’s future direction.

Also Read: XRP Predictions and Impact on Crypto Market: 8% Drop After Positive Trend March 2025

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Aliyu Pokima / Coingape. Bitcoin Price Targets Near-Term Rally Amid Rising Whale Activity. (Accessed March 17, 2025).
• Featured Image: Generated by AI