Strong Bullish Signal, Bitcoin Prediction Analyst Reaches 110,000 US Dollars In The Near Future

Illustration of Bitcoin (photo: Pixabay)

JAKARTA - Bitcoin price graphs are currently showing a healthy consolidation pattern. Currently, Bitcoin is perched between the top range of US$105,000 (Rp1.72 billion).

If this pattern persists, Tokocrypto analyst Fyqieh Almuttaqin said that BTC could potentially break the psychological level of US$110,000 (Rp1.80 billion) in the near future.

Technically, the price structure shows a strong higher high and higher low pattern. With the RSI still in the neutral range, the room for further increases is still wide open," said Fyqieh.

In addition, external factors are also strengthening this rally opportunity. Trade tensions between the US and China have begun to ease after a 90-day rate reduction decision has sparked risk-on sentiment in the global market.

Meanwhile, US inflation also showed a significant decline to the level of 2.3% in April 2025 "lowest" since February 2021" prompting hopes that the Fed would soon cut interest rates.

On the other hand, Bitcoin is currently also in the post-haling phase, a historical period that has often been a trigger for a prolonged bullish trend.

The last Haling will take place in April 2024, meaning the strengthening cycle is still likely to continue until the middle or end of 2025.

"The combination between supply reduction, new liquidity from institutions, and macroeconomic factors that support creating an ideal ecosystem for Bitcoin price growth," said Fyqieh.

According to Fyqieh, a number of analysts even estimated that the peak of this cycle could take the price of BTC to a level of 120,000 to 150,000 US dollars (Rp1.97 - 2.46 billion) before the end of 2025, although volatility remains a hallmark of the crypto market.

"With the conducive global sentiment, the still running post-halving cycle, and increasing domestic investor participation, Bitcoin is now on track promising to set a new price record," he added.

However, as usual, Fyqieh still advises investors to prioritize the principle of risk management in making investment decisions.