Yesterday(11/30 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $57839, its lowest as $55925, its highest as $59282, its closing as $56997. Bitcoin started falling on Tuesday, hitting a low below $56k at 06:15 and then rebounding sharply as the volume increased, reaching a high above $59k at 15:30 and then flopping and falling before closing a final -1.5% drop.

If you look at the 4-hour chart, it broke through the 100MA and broke $59k again, then immediately pushed back down and closed below the 100MA, and it seems to have continued to move within the box after breaking above the 50 MA on 11/29. On the other hand, as the dominance dropped to 41.58, Ethereum once broke through the $4700 during the day, and other altcoins also rise, so it seems that the bit sideways & alt rise market is starting again.

Bitcoin fell -7.1% during November, with its dominance falling from 43.6 to 41.5. December, which started today, has often risen at a rate of 60% over the past decade, with an average rate of increase of 33%. If this is applied, the year-end target price can be expected to be $75k, and in the case of a decline, even $48k can be considered if the average decline rate of -16% of the 40% that has fallen is applied.

Financial markets, which seemed to have put the Omicron virus issue to rest the day before, were again in shock, and Fed Chairman Powell's remarks played a role in fueling the shock. He set off a seizure in financial markets by overturning his view of "inflation is temporary" and accelerating tapering.

It is presumed that Powell blocked the intention of delaying the tapering and interest rate hike using the mutant virus through a preemptive attack. As the saying goes, "No investment can go against policy," this position of the US Fed is sure to freeze the financial and asset markets, and this might not be good news with the growth of cryptocurrencies for the time being.