Bitcoin (BTC) price finally penetrates the psychological level of US$100,00

The price of Bitcoin (BTC) has finally penetrated the psychological level of US$103,000 (Rp1.7 billion) for the first time since February 2025

JAKARTA - The price of Bitcoin (BTC) has finally penetrated the psychological level of US$103,000 (Rp1.7 billion) for the first time since February 2025, before being optically corrected due to a profit-taking by investors.

Tokocrypto analyst, Fyqieh Fachrur, said the increase was triggered by a combination of positive sentiment, including the Federal Reserve (The Fed) s decision to maintain the benchmark interest rate and US President Donald Trump s announcement of trade deals with Britain.

This Bitcoin price spike is not only triggered by technical factors, but also by the stability of monetary policy and conducive geopolitical developments, Fyqieh said in his statement.

According to him, if trade tensions continue to subside and the ETF entrance continues to be positive, BTC has the potential to head to the next level of resistance at US$105,000 (Rp1.73 billion) to US$108,000 (Rp1.78 billion) in the short term.

In fact, according to him, a number of analysts saw that the net inflow to the Bitcoin ETF was spot and the decrease in BTC balance on the exchange showed long-term investor confidence.

However, technical indicators such as the Relative Strength Index (RSI) that have penetrated the 70 mark indicate a possible correction in the near future, he added further.

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However, Fyqieh highlighted a number of major US economic data which will also determine the direction of Bitcoin price movements in the near future. He said, although the current momentum is quite strong, the release of US budget data on May 12 and the Consumer Price Index (CPI) on May 13 will be key to assessing whether BTC can penetrate and stay above the psychological level.

In order for this rally to be sustainable, the narrative of trade deals needs to develop into real progress. If the Bitcoin Law introduced by Senator Cynthia Lummis is passed, and the US government will actually accumulate one million BTC in the next five years, this will tighten Bitcoin supply in the market and could accelerate price increases, he explained.

In the short term, the Bitcoin price movement scenario will be influenced by various factors, ranging from US-China geopolitical tensions and the Fed s policy direction, to pro-crypto regulatory support as well as institutional funding inflows.

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Tag: Tokocrypto, bitcoin, asset crypto, crypto