(4/9, Fri) btc broke up 100MA of 4hr chart and approached the weekly opening price of $58258, but needs more volume to go further

Yesterday(4/8 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $55937, its lowest as $55673, its highest as $58208, its closing as $58149. Bitcoin reached its low right after starting Thursday and started rising, breaking up $57,000 at 06:00, and then rising again after a brief decline, breaking through $58,000 at 18:30 and closing +4.0% up.

Yesterday's rise through 100MA($57200) on the 4-hour chart and approach to the weekly opening price($58258) can be viewed as very positive, but not enough volume could be an unsettling factor. It would be more correct to say that the btc followed the move of the financial market rather than due to the good news of the cryptocurrency market.

In the financial market, the market accepted what the Fed Chairman Powell said at the IMF General Assembly as a good news, and all three indices, including the NASDAQ, rose, the dollar index fell to 92.07, and the US 10-year Treasury bond yield fell sharply to 1.624.

Even though Chairman Powell said as usual, "There will be no tapering until the economic recovery is confirmed, and there will be no sharp rise in inflation.", the Mr. Market regarded this speech as favorable news. Whatever the case, the proposition "If the market says yes, then that is yes" is always correct. We don't have to go against the market. However, the Mr. Market might say "No" to another similar news.

If bitcoin rise with a large volume above $58250 and supports this price for today, the next target price will be $61200, $64,000, and $67,000 in that order. On the other hand, if large buying and trading volumes are not accompanied, it is highly likely that it will not exceed $60,000 as before and will move sideways.