Bitcoin (BTC) has been maintaining extremely low volatility, with limited price movements of less than 3% for six consecutive days since last Wednesday. In this stagnant market situation, investors are paying attention to whether Bitcoin can break out of its current trading range. In particular, expectations are growing that the weakness of the US dollar could serve as a driving force for Bitcoin's rebound.
Market experts are focusing on the deteriorating fiscal health of the United States. Such fiscal instability could put pressure on the dollar's value and highlight the attractiveness of cryptocurrencies like Bitcoin, which are classified as "risk assets". As inflation concerns in the US intensify, there are discussions about investors potentially reallocating assets from fixed-income investments like bonds to cryptocurrencies.
Some analysts are strategically monitoring the possibility of Bitcoin being included in the S&P 500 index. If this inclusion becomes a reality, it could induce institutional investor inflows and exert strong upward pressure on Bitcoin's price.
If these variables work together comprehensively, there are forecasts that Bitcoin could potentially break through $110,000 (approximately 152.9 million won) in the long term. However, there is still high uncertainty, as this scenario would require simultaneous conditions such as dollar weakness, persistent inflation, and institutional fund inflows.
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