Bitcoin Reaches IDR 1.64 Billion First In 2025, What Is The Potential This Week?

Illustration of Bitcoin (photo: Pexels)

JAKARTA - Bitcoin (BTC) managed to break the psychological price of 100,000 US dollars (Rp1.61 billion) for the first time in 2025. Where on Tuesday, January 7 at around 08.00 WIB, the price of Bitcoin reached 102,100 US dollars (Rp1.64 billion).

However, the price is still quite far from its record high at 108,135 US dollars (Rp1.74 billion), it can be said that the current price of Bitcoin has strengthened 10.45 percent in the last 7 days.

The strengthening of Bitcoin is in line with the increasing trading activity of Bitcoin Spot ETF in the United States since last week and also the plan of Elected President Donald Trump to implement Bitcoin strategic reserves by the US government.

According to Crypto's Financial Expert, Panji Yudha, this step further strengthens the bullish narrative against BTC, where more and more parties see this crypto asset as a strategic hedge amid global economic uncertainty.

"From technical analysis, if BTC stays above the psychological support of 100,000 US dollars (Rp1.61 billion), it can be potential to continue to strengthen to US$106,000 (Rp1.71 billion), but if it comes down from psychological support, then it has the potential to return to MA-20 97,000 US dollars (Rp1.57 billion)," explained Panji.

This week, the market will look forward to a Non-Farm Payroll (NFP) report scheduled for release on Friday, January 10 and observe minutes of the Federal Reserve meeting from last December's (FOMC Minutes) meeting on Kami, January 9.

"With the various positive factors that continue to support, Bitcoin seems to be on a strong track to continue its upward trend," he explained further.

However, Panji emphasized that market volatility remains an element that cannot be ignored, so investors are advised to remain vigilant in making their investment decisions.