Bitcoin (BTC) Makes History Again by Closing the Week Above Rp1.74 Billion

Bitcoin (BTC) made history again by closing the week above Rp1.740000000 ($106,000) for the first time since the cryptocurrency was launched.

Bitcoin (BTC) closed the week at the highest level in history, with the price still remaining above the Rp1.74 billion ($106,000) mark for the first time since the cryptocurrency was launched.

On May 18, 2025, Bitcoin price was recorded at around IDR 1.75 billion ($106,500) according to CoinMarketCap, becoming the highest weekly close of all time. This surge also reinforces BTC’s dominance as the strongest asset in the cryptocurrency market, even as volatility remains high.

The upward trend of six consecutive weeks is also making many analysts believe that Bitcoin still hasn’t run out of steam.

Bitcoin’s price increase is getting stronger

Over the past six weeks, Bitcoin (BTC) has continued to rise, cementing its position in the global crypto market. The latest weekly close above IDR 1.74 billion ($106,000) managed to surpass the previous record of IDR 1.71 billion ($104,400) last December.

Although it has yet to break the all-time record high price of IDR 1.77 billion ($108,000) reached in January, the current bullish trend indicates a very positive market sentiment.

Crypto analysts such as Scott Melker mentioned that Bitcoin’s daily closing price on May 18 was the highest in history. Meanwhile, technical analyst Rekt Capital emphasized that the price movement above IDR 1.72 billion ($105,000) is a strong indicator that the bulls are still in control. This momentum is similar to the pattern of movement last November, when BTC jumped IDR 492 million ($30,000) in just three weeks.

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Signs of Demand Strengthening Again

One strong indicator of demand is the re-emergence of Coinbase Premium, a signal that institutional and retail investors in the United States are starting to buy Bitcoin again.

This was revealed by Arete Capital analyst McKenna, who noted that the spike in bids on Sunday night was an unusual phenomenon.

The increased demand from the US market is an important signal, especially since the crypto market had previously stagnated due to regulatory pressure. With increased buying flows from American investors, Bitcoin’s future growth prospects are wide open.

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Long-term Prospects Are Still Bright

Although some analysts warn that Bitcoin’s growth rate is starting to slow down, the asset is still ahead of other investment instruments.

Renowned analyst Willy Woo states that in the long run, Bitcoin’s annual growth will stabilize at 8% over the next 15 to 20 years. This makes Bitcoin one of the most promising assets in the financial world.

In the context of the ever-evolving cryptocurrency market, BTC remains a key benchmark for investors. Even with high price fluctuations, Bitcoin continues to show resilience and outperform the majority of traditional assets.

Currently, BTC is trading at around Rp1.71 billion ($104,116), just 4% below its all-time high.

Conclusion

Bitcoin’s (BTC) price rise to the highest weekly closing level in history reinforces its position as the king of the cryptocurrency market. With support from institutional demand, a strengthening technical trend, and positive market sentiment, BTC still has a great chance to set new records.

While fluctuations remain, Bitcoin’s fundamental strength is solidifying. Crypto investors are now waiting to see if the next surge will bring BTC to break the psychological level of Rp1.8 billion in the near future.

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

writer: Muhammad Arsali

editor: Porwanto