Bitcoin Falls to $118K on Aug 12, but Analysts See Potential Rebound to $130K

Jakarta, Pintu News – The start of the week brought a bullish surge for Bitcoin , with the entire crypto market trading in the green. As of August 11, the world’s largest cryptocurrency was up 3.5%, pushing its market value to US$2.42 trillion.

Now, the spotlight is on BTC which is getting closer to its all-time record high. Analysts expect a push towards $130,000 in the post-halving year, ahead of the release of the US Consumer Price Index (CPI) report.

Then, how is the current Bitcoin price movement?

Bitcoin Price Drops 1.26% in 24 Hours

On August 12, 2025, Bitcoin’s price stood at $118,943 (around Rp1.94 billion), marking a 1.26% drop over the past 24 hours. During the day, BTC dipped to a low of IDR 1.93 billion and climbed as high as IDR 1.97 billion.

According to CoinMarketCap, Bitcoin’s market capitalization now stands at around $2.36 trillion, with trading volume in the last 24 hours up 8% to $78.87 billion.

Read also: Bitcoin’s Grip on the Market Loosens as Ethereum Eyes the “Flippening”

Bitcoin Near Record Highs

According to Coinpedia (11/8), Bitcoin started the week on a strong note, jumping 5% to reach $122,000. The rally was fueled by US President Donald Trump’s new policy allowing retirement savings plans such as 401(k)s to invest in alternative assets, including cryptocurrencies.

The policy change triggered a surge in inflows into Bitcoin ETFs in the US, recording three consecutive days of gains. On August 8 alone, BTC ETFs saw record inflows of US$403.9 million, led by BlackRock, Fidelity and Grayscale.

On-chain data shows trading activity is heating up. More and more investors are speculating on Bitcoin’s price increase, as seen by the open interest-the total number of active futures contracts-which increased by 7,834 BTC.

Post-Halving Trend Leads to $130,000

Despite Bitcoin’s bullish rally, analysts remain optimistic about its prospects as 2025 is the post-halving year-a period that has historically triggered large spikes.

According to crypto analyst Benjamin Cowen, BTC tends to rise in July and August after each halving, sometimes correcting in September, then rallying again later in the year.

Read also: After Coinbase’s Bold Move, These 3 Crypto Tokens Are Stealing the Spotlight

Currently, Bitcoin price is slightly below the record high of $123,000.

Bullish signals on the BTC chart, such as the “Golden Cross,” suggest the price could be pushed to $130,000 or even higher if the current momentum holds.

CPI Data Expected to Rise

Looking ahead, market attention is on the US inflation report due August 12, as well as Producer Price Index (PPI) data due out this week. Economists expect July CPI to rise to 2.8% from 2.6% in June, partly due to new tariffs imposed by Trump.

Higher inflation often leads investors to turn to assets like Bitcoin, which some consider a “safe haven.” If inflation is recorded high, demand for Bitcoin could increase further.

Meanwhile, the market assesses the chances of two rate cuts in September to be quite large, and even the possibility of a larger cut is gaining support.

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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 Nears Record High as Analysts Predict $130K Breakout Ahead of Key CPI Data. Accessed on August 12, 2025