Bitcoin Breaks Through 111,000 US Dollars, Investors Must Pay Attention to These Short-Term Risks

JAKARTA - Bitcoin has once again made history by breaking through an all-time high price above 111,000 US dollars (around IDR 1.78 billion) on Thursday, May 22.

Tokocrypto noted that the increase was influenced by several main factors such as increasing institutional interest, where large companies such as MicroStrategy continue to increase their Bitcoin holdings.

"MicroStrategy now holds more than 439,000 BTC, worth more than 45 billion US dollars, showing long-term confidence in this digital asset," Tokocrypto wrote on its official news site.

In addition, the administration of President Donald Trump, which has shown support for the crypto industry, including plans to establish a "Strategic Bitcoin Reserve", has also driven the increase in the price of Bitcoin.

Another factor is that Bitcoin ETFs such as BlackRock's iShares Bitcoin Trust have attracted significant inflows, with more than 6.5 billion US dollars in the past month, reflecting the increasing confidence of institutional investors.

Analysts are optimistic about Bitcoin's future prospects. Some of them even predict that the price of Bitcoin could reach 160,000 US dollars (IDR 2.61 billion) by the end of 2025.

"And has the potential to reach 1 million US dollars (IDR 16 billion) in 2030, along with increasing institutional adoption and regulatory support," explained Tokocrypto.

Meanwhile, Reku Analyst Fahmi Almuttaqin sees that if Bitcoin is able to stay above 105,000 US dollars (IDR 1.71 billion) in the next few days, the potential for a breakout towards 110,000 - 120,000 US dollars (IDR 1.79 - 1.95 billion) is increasingly open.

"However, investors are advised to remain vigilant against the potential for short-term price corrections, considering that the RSI indicator is starting to enter the overbought area and there is strong resistance in the previous ATH area," said Fahmi.