Bitcoin is trading in the early 120 million won range and showing stability after recent volatility. As of April 16, Bitcoin is trading at 120,529,445 won, rising 8.62% on a weekly basis, but still declining compared to the beginning of the year.
Amid increasing uncertainties such as global stock market adjustments and US-China trade conflicts, investors are perceiving Bitcoin as a safe asset, leading to capital inflows. Analysts note that this trend has become particularly prominent after the recent weakness in US tech stocks and NVIDIA's sharp stock price decline.
Technically, 122 million won is acting as a strong resistance level, and if this price range is not breached, a short-term adjustment phase may continue. However, positive factors such as institutional fund inflows are still ongoing. A representative example is Japan's Metaplanet raising 10 million dollars to purchase Bitcoin.
Ethereum is showing weakness at around 2,259,068 won. It has dropped 1.67% in the past 24 hours and has fallen nearly 52% compared to the beginning of the year, raising market concerns. Major causes include ETF fund outflows, large-scale selling, and decreased DeFi usage.
In contrast, XRP is trading at 2,988 won and showing a rebound. With the legal dispute with the US Securities and Exchange Commission (SEC) entering an adjustment stage, investor sentiment is positively affected. The possibility of appeal suspension and settlement is expected to create upward pressure on XRP's price.
Long-term forecasts suggest that Bitcoin could potentially break through 180,000 dollars (approximately 250 million won) in the second half of 2025. Van Eck stated that this peak could be reached if macroeconomic recovery and ETF fund inflows continue.
While Bitcoin is showing relative strength in the market, its market capitalization share is also maintaining a dominant position at 63.23%. With Ethereum and XRP experiencing significant declines, Bitcoin is being evaluated as a relatively safe haven for global investors.
Key variables affecting Bitcoin's price direction include ▲ Global macroeconomic changes ▲ ETF and institutional fund flows ▲ Regulatory policies of various countries ▲ Technical support and resistance levels. In the short term, whether it breaks through 125 million won is expected to be a watershed moment for future direction.
Experts assess this as a time to consider a medium to long-term buying strategy for Bitcoin, and are also keeping the possibility of a short-term rebound open for Ethereum and XRP depending on changes in key variables.
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