btc moved like a Sunday(8/21)

Yesterday(8/20 00:00 - 24:00, UTC+0), Bitcoin price recorded its starting as $11761, its lowest as $11676, its highest as $11897 and its closing as $11869. Bitcoin moved like a Sunday market with very low volume and the gap between high and low is only $220. The good thing is that it didn't fall to under $11600, and the bad thing is that it didn't rise to above the weekly starting price of $11,925.

Since yesterday's volume kept low during a day, you can expect the price to move big up or down as the volume increase at a certain moment. I guess bitcoin would rise to $12,300 with a large volume in at least 48 hours, then adjust. The reason for my thought is that the continued decline in the dollar value, which is the cause of the rise in the cryptocurrency market, is expected to be limited.

Looking at the current US stock market, Apple's market cap has exceeded $2 trillion, and Tesla's stock price has exceeded $2,000. It is believed that this is because the money released to the market is raising Nasdaq big-tech company, but no matter how good the company's performance is, it is questionable whether it is possible to rise endlessly.

In the FOMC minutes released yesterday, the Fed is concerned about a sharp rise in its balance sheet and a sharp decline in the dollar value could induce a challenge to the dollar hegemony. The financial markets may be looking for reasons to take a break after sharp rising.