btc broke 12k(8/2)

Bitcoin, starting at $11,361 (8/1 00:00, UTC+0) yesterday, hit the low of $11246, peaked at $11908 and closed at $11,875 (8/1 24:00, UTC+0). Bitcoin, which started at $9,940 this week, rose 19.7% over the past six days, showing the largest gain in three months since the end of April this year.

The trading volume was 80% compared to it of April, showing a different pattern when Bitcoin raised dominance and rose to $13,920 on June 2019 which means Ethereum is leading the market. The rise of Ethereum can be seen as the expectation that Ethereum 2.0 and defi market could lock up so many Ethereum.

As of this time, Bitcoin and Ethereum are likely to reach $13,000 and $500 soon. If they pass through this price without big adjustments by increasing their trading volume in the short term, a big adjustment would come when the Ethereum 3-day RSI reaches 90.

One thing to look out for is whether the dollar value continues to decline or rebound. The continued decline in dollar value will continue to raise gold prices and boost inflation, which is doubtful if the FED wants this goal. It may be that the United States and developed countries, which want to cut enormous debt, might have mutually agreed to reduce debt through inflation. Also, if the CBDC, which is led by China and prepared by each country, is rapidly introduced, the dollar value may be accelerated. Would US government allow it to when?