Bitcoin is predicted to reach Rp2.43 billion, Analyst: “Institutions Have a Key Role!”

Jakarta, Pintu News – The price of Bitcoin (BTC) set another new record, reaching $112,000 (around Rp1,817,536,000; 1 USD = Rp16,228) last Wednesday. This price increase triggered optimistic predictions from analysts, including Kyle Reidhead (Milk Road) who targets BTC to potentially reach $150,000 or around Rp2,434,200,000 in the near future. This surge comes after a period of tight consolidation that had previously raised doubts about Bitcoin’s ability to surpass its last record price in May.

Bitcoin Price Surges, Positive Sentiment Drives, and the “Bullish” Phase

Bitcoin hitting another all-time high is considered an important momentum. According to technical analyst Matthew Hyland, the breakout from the downward trend since May marks the return of control to the hands of the bulls. The Crypto Fear & Greed Index also showed a score of 71 (“Greed”)-a sign that optimism in the crypto market is high, similar to where it was 30 days earlier.

Meanwhile, CoinMarketCap’s Altcoin Season Index indicates that the market is still dominated by Bitcoin, not other altcoins, with a “Bitcoin Season” score of 26 out of 100. On the other hand, the last 24 hours saw the liquidation of $217.55 million (Rp3,528,050,400,000) worth of Bitcoin short positions, with the potential for an additional $1.6 billion liquidation if the price rises by a few thousand dollars more.

Also Read: Will TRUMP Break $10? Check out the Whale Movement!

The Dominance of Institutional Investors in the Bitcoin Rally

According to eToro analyst Josh Gilbert, this rally is very different from previous bull runs as it is now driven by institutional fund flows instead of retail. Farside data shows that there were about $1.04 billion (Rp16.87 trillion) of inflows into US-based spot Bitcoin ETFs in July alone. Similarly, Coinstash co-founder Mena Theodorou emphasized that the current market strength really comes from large institutions, despite global uncertainties such as trade tensions or geopolitical risks.

Bitcoin’s price surge took even some traders by surprise, as Bitfinex analysts had previously expected the market to be hesitant to break new records. However, the reality is that the institutional surge triggered a sudden rally and massive liquidation of short positions.

Risk, Trend Sentiment, and Beware of the “Bull Trap”

Despite the high optimism, Santiment’s data is a reminder that overly high sentiment spikes are often followed by price corrections, as happened on June 11 and July 7. Analysts urge investors to remain wary of potential bull traps and conduct in-depth research before making investment decisions, given that crypto volatility is still very high.

Conclusion

Predictions of Bitcoin heading towards $150,000 are getting stronger as massive institutional fund flows and market sentiment are very positive. However, investors still need to pay attention to the risks of price movements and not just get hung up on short-term euphoria. Whether this new record is the start of a parabolic rally, or just a temporary correction, still needs to be proven in the next few weeks.

Also Read: 5 Best Free Bitcoin (BTC) and Litecoin (LTC) Cloud Mining Platforms in 2025

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*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 are subject to 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:

• Tom Mitchelhill/Cointelegraph. Bitcoin price could be heading to $150K as BTC spikes to new all-time high, say crypto analysts. Accessed July 11, 2025.