(1/15, Fri) btc rose above the weekly starting price of $38220 and need to support on it to go over ATH of $42078 by jhdklk853

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· @jhdklk853 ·
$5.84
(1/15, Fri) btc rose above the weekly starting price of $38220 and need to support on it to go over ATH of $42078
Yesterday(1/14 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $37390, its lowest as $36781, its highest as $40163 and its closing as $39143. Bitcoin began to fall right after the start of Thursday due to the correction of yesterday's big rise, fell to the low at 04:00, started rebounding with no additional decline, rose to the peak at 15:30, and finally closed up 4.69%. 

Looking at the four-hour chart, the first candle closed near the 50MA, and the next candle broke the starting price of $38220, creating expectations for further upside, showing a positive move to break even $40000. However, I guess the trading volume is not enough to reach the 45,000 dollar after breaking the previous high of $42078.

In the financial market, despite the weak dollar due to the Fed Chairman Powell's remarks that it will respond to rising inflation and that it is not the time to discuss the exit strategy, the US Treasury bond rate rose again with anticipation of stimulus, and the stock market declined. 

I guess the expected scenario in the future is roughly as follows. 
     Biden's administration implements large-scale fiscal stimulus 
     -> large-scale government bond issuance and USD decline & US bond rate up 
     -> All Assets up and Inflation up
    -> FED control inflation until employment rate & economic normalization 
    -> Tapering

In this scenario, we have to earn as much as money from crypto market until tapering begins.
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