Bitcoin Price Ready to Jump to IDR 2.3 Billion? Analysts Predict New Bullish Levels!

Jakarta, Pintu News – Bitcoin (BTC) is showing a solid recovery after starting the week with volatility, and is currently trading around US$107,000 or Rp1.76 billion after managing to gain 5%.

Popular crypto analyst, Crypto Rover, believes that this momentum is just the beginning and Bitcoin is forming a bullish pattern, like a bull flag.

He estimates that the price of BTC could soar to US$140,000 (Rp2.29 billion) if the breakout resistance at US$110,000 is successfully passed. Support from on-chain data and the influx of institutional funds through ETFs provide a strong foundation for this prediction.

Bull Flag Pattern: Signal of a Big Rally

According to Crypto Rover, Bitcoin is forming a technical chart pattern known as a bull flag, a classic formation often followed by significant price spikes in market history.

He noted that BTC has been consolidating for almost 200 days, a similar situation that occurred before major rallies in previous cycles. This long consolidation phase is usually followed by a strong breakout, and this time the pattern is believed to push BTC through US$110,000 to target US$130,000-US$140,000. Rover calls this “the most hated rally”, as many investors are skeptical when prices stagnate.

Also read: 3 Fastest Memecoins You Should Watch Out For

If the breakout is successful, the road to US$140,000 (Rp2.29 billion) will be wide open. However, failure to cross resistance at US$110,000 could trigger further consolidation or a mild correction. The rider in this technical setup is that momentum and sentiment must align for the breakout to be sustainable.

On-Chain Data and ETFs: Bullish Foundations

Data from CryptoQuant shows that currently only around 40,000 BTC is sent to exchanges per day-the lowest in over a decade.

This trend is often indicative of an accumulation phase, where many investors store their assets, and has historically preceded bull run phases (2016, 2019, and 2023). This reinforces speculation that the Bitcoin price is already near a major turning point.

In addition, institutional funds continue to flow into Bitcoin through ETFs. Based on Fairside data, inflows reached US$588.55 million (IDR 9.66 trillion) on June 24 alone-the second consecutive week with positive net inflows. Institutional participation creates a solid long-term demand base.

Read also: 4 Most Promising Crypto in 2025, Can Rise 10x?

Ethereum Also on the Rise

While the main focus remains on Bitcoin, Crypto Rover also highlighted Ethereum’s (ETH) upside potential. It supports a US$4.4 million long position and notes accumulation from large institutions such as BlackRock.

Rover projects that the ETH price could move in the range of US$2,600-US$4,000 (Rp42.64 million-Rp65.6 million), depending on the direction of the overall crypto market breakout.

Funding rates for BTC and ETH are currently near zero or even negative, a classic bottom forming signal. This reinforces confidence in the potential for a continued rally.

Conclusion

The combination of the technical pattern being formed, on-chain accumulation pressure, as well as large fund flows through ETFs, brings a high chance for Bitcoin to break US$140,000 (Rp2.29 billion).

However, as with all predictions in the cryptocurrency world, there is still a risk of a correction if the resistance level fails to hold. Wise investors still consider risk management and diversification in their strategies.

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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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Bitcoin Price Prediction: Top Analyst Eyeing $140K. Accessed June 28, 2025.
• Featured Image: Generated by AI