Bitcoin Closes To Highest Record, Does It Continue To Rise Or Drop?

JAKARTA - Bitcoin prices in some continue to fluctuate high. Even after hitting a record high at the end of May 2025, Bitcoin continued to slope to US$108 thousand, and yesterday Bitcoin moved near record highs.

The price of Bitcoin seeks to reach ATH again by US$111,980. BeInCrypto reports that the latest surge in BTC is driven by advances in trade negotiations between the US and China as well as a decrease in tensions that are considered to have occurred between President Donald Trump and Elon Musk.

By knowing the rapid movement of the Bitcoin price, you can consider it before trading futures crypto. So you can avoid the risk of a big loss.

So before buying Bitcoin futureskamu, you must conduct research and analysis fundamentally related to global financial information, economy, and policies. In addition, technical analysis of Bitcoin price movements.

In this situation, investor attitudes go from fear to greed, where traders interpret these developments as a stabilizing force amid wider fluctuations.

However, amid increased greed and hope, on-chain analyst and Korean CryptoQuant Community Manager, Crypto Dan, observed the important role US investors play in boosting the price of Bitcoin.

Specifically, Crypto Dan observed that Coinbase premiums show an increasing trend and purchasing activity from whales also appear to gradually increase indicating that purchase requests from US investors support this trend.

In addition, whale buying activity also shows gradual growth. This positive increase, without any indication of overheating, is a common pattern that appears in the bullish cycle after the correction phase, signaling optimism in the crypto market for the second half of 2025.

The Coinbase Premium Index for Bitcoin measures how big the price difference between coins in Coinbase and Binance is. When its value exceeds zero, it shows strong buying activity by US investors in Coinbase.

On the other hand, if the value decreases and is in negative territory, this shows a decline in trading activity on US-based exchanges.

It should be noted that Coinbase's positive premium index is a bullish signal for BTC prices. This shows that coins are trading at higher prices in Coinbase as a result of growing demand from US-based investors.

Increased buying pressure from institutional and retail traders in the United States like this often helps push BTC prices higher, overall lifting the market.

Positive developments in US-China trade talks and the restoration of relations between Musk and Trump appear to have revived buying interest among US investors, which is rapidly continuing the accumulation of Bitcoin.

The analysis shows that currently, although Bitcoin has reached a new stage in its price, market conditions are relatively stable compared to those of previous record achievement.

Although the Coinbase premium continues to increase, Premiumangki in Korea is still relatively low. This may indicate more potential for price increases, considering that the market is not overheating.

The views of Crypto Dan and Avocado are in line with reports from BeInCrypto in the latest edition of US Crypto News. Referring to Markus Thielen in a recent analysis of 10X Research, BeInCrypto underscores the possibility of a Bitcoin price spike that is imminent.

However, according to BeInCrypto's explanation, BTC's ability to spike depends on its ability to pass through supply areas between US$109,242 and US$111,774. Traders who want to take long positions on Bitcoin should wait until the candlestick closes above the US$110,478 threshold average, which is the centerline of the supply area.

If this supply area continues to function as resistance, it is possible that Bitcoin will decline. However, only the closure of the candlestick below the US$102,239 figure could thwart bullish views in the downward movement.

The breach at the support level will signal the formation of a new low for BTC, indicating a reversal trend. Here are some factors that influence it:

Bitcoin saw a nearly 4% increase to US$109,275, driven by talks over US-China trade and easing tensions between Trump and Musk.

ICO Plasma managed to raise US$500 million from 1,111 participants, with several whales controlling distributions raising fears of equality.

The SEC is now examining DeFi regulations to encourage innovation while protecting investors. These guidelines include mining and staking activities in the context of securities law, but legal issues affect regulatory clarity for decentralized finance.

The Bitcoin ETF recorded an inflow of US$386 million after a surge in BTC passed US$105,000 and closed at the US$110,263 level. The price of FARTCOIN is the leader in today's rally crypto, surging nearly 20% as listings on Coinbase get closer.

Public companies such as Oblong and Synaptogenix are pouring millions of dollars into Bittensors (TAO), prioritizing arguments on their fixed supply and use of AI.

The original Polkadot token, DOT, experienced an increase in demand ahead of a decision related to the ETF on June 11 which raised optimism among traders.

Bitcoin is now approaching the resistance limit at US$110,000, while an increase in CPI and market sentiment with a Greed status could trigger price adjustments.

One analyst argued four arguments suggesting that Ethereum may be on the verge of a breakout. One of the factors is the accumulation of ETH by BlackRock worth more than US$600 million without any sales, which shows long-term bullish intentions and parallel to its influence on BTC's historical spike.

Reporting from Pintu Market, today's Bitcoin price is IDR 1,784,124,684 or US$ 109,688 with trading volume for Bitcoin (BTC) in the last 24 hours reaching US$36,295,803,547, recording a 3.90% decrease compared to the previous day.

Meanwhile, Bitcoin (BTC) once hit an all-time high at US$111,814 and the all-time low was recorded at US$67.81. Currently, Bitcoin is trading at 1.90% below its peak price and 161,668.53% above its lowest price.

For market capitalization for Bitcoin (BTC) it is currently worth US$2,180,950,395,691. This market value is calculated by multiplying the price per token with the supply of outstanding BTC tokens, which currently amount to 20 million tokens that can be traded on the market.

Keep in mind, all crypto buying and selling activities have high risks and volatility due to the nature of crypto at volatile prices.

Therefore, always do independent research (DYOR) and use funds that are not used in the near future (cold money) before investing. All bitcoin buying and selling activities and other crypto asset investments are the responsibility of traders and investors.