Bitcoin Breaks a Record of Rp1.8 Billion! Experts Predict a Long Rise – Check out the Scenarios
Jakarta, Pintu News – The price of Bitcoin made history again by breaking through the all-time high of US$112,022 or around Rp1,816,124,620. This increase occurred on Wednesday afternoon, after going through a consolidation phase and breaking through an important resistance level. The price surge sparked renewed enthusiasm among crypto investors and prompted speculation as to whether the Bitcoin rally was really just getting started.
The Big Test of the Bitcoin Rally: What Do Crypto Experts Say?
John Glover, Chief Investment Officer at crypto lending platform Ledn, stated that this latest rally is a retest of the previous ATH level that was formed on May 22. At that time, selling pressure from investors taking profits caused the price to correct.
Interestingly, some well-known public companies, such as Trump Media & Technology Group and GameStop, have now started to announce plans to purchase Bitcoin to strengthen their cash reserves. This trend shows the growing corporate interest in cryptocurrencies as a financial diversification asset.
Also Read: Ethereum Transformation Secrets – How Big of an Impact on Cryptocurrency Prices?
The Role of Public Companies & Macroeconomic Factors
Glover emphasized that competition among public companies to accumulate Bitcoin can greatly affect market dynamics. This phenomenon is an additional boost to Bitcoin’s popularity among institutional market participants and retail crypto investors.
However, the continuation of the Bitcoin price rally is also highly dependent on macroeconomic conditions and developments in global trade negotiations. Sid Powell, CEO of Maple (a crypto asset management company), highlighted that obstacles in trade negotiations before President Donald Trump’s August 1 deadline could pose a serious challenge to Bitcoin’s price movement going forward.
Breakout Scenario Towards Rp2.1 Billion
The market analyst known as Doctor Profit via social media predicts that Bitcoin’s rally is far from over. In his latest analysis, he targets a new price zone in the range of US$120,000-US$130,000, or about Rp1,945,200,000 to Rp2,107,300,000 for this cycle.
The first scenario is that Bitcoin breaks into the US$113,000-US$114,000 range (Rp1,831,730,000-Rp1,847,940,000), then corrects to the US$92,000-US$93,000 level (Rp1,491,320,000-Rp1,507,530,000), before continuing to rise to US$120,000 (Rp1,945,200,000). The second scenario, which is more aggressive, projects Bitcoin breaking out of the US$113,000-US$114,000 zone without a major correction and continuing its upward trajectory.
Both scenarios agree that the US$113,000-US$114,000 zone is a crucial point, where the market response at this level determines the next direction for the Bitcoin price.
Bitcoin Starts Consolidating, What’s Next?
After setting a new record, the price of BTC is now correcting and moving around US$111,422 or Rp1,806,681,020. This level is now being tested as a new support that could be the foundation for the next leg up if market sentiment remains positive. Market participants are now watching whether Bitcoin can maintain momentum and break the next target in the near future.
Conclusion
Bitcoin’s surge to historic highs demonstrates the cryptocurrency’s growing role in the global financial ecosystem. With the entry of public companies as major buyers and the support of macroeconomic sentiment, the potential for a Bitcoin rally is still wide open. However, market participants are reminded to remain vigilant on possible sharp corrections and global dynamics that could affect crypto prices at any time.
Also Read: Here are the Shocking Facts Behind Altcoins: Can it really be more profitable than Bitcoin?
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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 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:
- NewsBTC. Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning. Accessed July 10, 2025.
