Bitcoin Price Potentially Surge to Rp2.1 Billion? Check out the analysis of crypto analysts!
Jakarta, Pintu News – As reported by Coingape, the $3.19 trillion crypto market has decreased by 0.25% and is trying to recover from the recent turmoil. However, the price of Bitcoin (BTC) seems to be gaining momentum again.
Although the bearish trend still dominates, market experts predict a significant bullish reversal, with potential gains of up to 35%.
Potential Bitcoin Price Spike: Is BTC’s 35% Rise Coming Soon?
In recent days, Bitcoin’s price has moved below the $100,000 mark (Rp1.63 billion) and continues to be in the red. Although it has yet to break the $100,000 threshold, analysts remain optimistic about its ability to surpass that level and surge all the way to $130,000 or the equivalent of Rp2,130,360,000.
Matthew Sigel, Head of Digital Asset Research at VanEck, in a post on X, predicted that Bitcoin’s price will experience a 35% surge, referring to historical trends.
Bitcoin has experienced a six-day quiet period, reminiscent of the short trading span in November 2023. This quiet period was followed by a significant spike of 35% in one month.
Therefore, historical data suggests that the current calm may precede significant Bitcoin price movements.
In addition, Mister Crypto analysts also support Sigel’s analysis, projecting Bitcoin’s price trajectory to reach $130,000 (Rp2.1 billion), and believe that Bitcoin is on the verge of a parabolic surge.
Will Bitcoin Strengthen or Collapse? Analyst Explains
As Bitcoin’s price fluctuates, investors are wondering if the cryptocurrency can regain momentum.
However, an optimistic prediction from TraderPA suggests that Bitcoin may soon experience an upswing, potentially reaching $120,000 (Rp1,964,640,000).
Meanwhile, CryptoGoos, a leading crypto analyst, identified a crucial support area for Bitcoin at around $90,000. Historical patterns suggest that if Bitcoin manages to cross that level, the price of BTC could push up to almost $150,000 (US$2,455,800,000).
However, if Bitcoin slips below that crucial point, the price could witness another bear market.
Is Bitcoin’s Dominance Declining?
According to CryptoRank, Bitcoin’s dominance was recorded at 57.29%, a decrease of 1.18%. This decline in BTC dominance signals the beginning of an altcoin rally where altcoins will outperform pioneering cryptocurrencies.
Ash Crypto analyst highlights the current trend in the Bitcoin market and the significant decline in its dominance. The analyst stated, “Get ready for Altseason finally.”
On February 11, 2025, the Bitcoin price stood at $96,991, with a marginal decline of 0.19% in a day. Despite an increase of 1.88% over the last month, Bitcoin price has seen a notable drop of 2.9% in a week.
With a market capitalization of $1.92 trillion, Bitcoin is still firmly on top of the crypto market. However, a significant 22.67% drop in 24-hour trading volume suggests a change in investor attitudes.
Overall, current market trends and insights from analysts point to a possible increase in Bitcoin price. However, investors should remain vigilant and conduct thorough research before making any investment decisions.
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Reference:
- Coingape. Here’s Why the Bitcoin Price Could Rally to $130k. Accessed on February 12, 2025