(12/1, Thu) btc surged to break through $17k due to the dovish speech of Powell

Yesterday(11/30 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $16436, its lowest as $16432, its highest as $17259, its closing as $17160. Bitcoin hit the low right after the start of Wednesday and then surged to break through $17k in an hour and corrected to move sideways and then rose again to reach a peak at 22:45 and ended 4.4% up.

Looking at the 4hr chart, Bitcoin, which returned to the sideways section the previous day, rose one more step and broke through $17k, and further rises seem possible. On the daily chart, it rose above $17k for the first time since 11/12, which seems that a weak N-shaped upward pattern has come. If it rises for a few more days, this pattern can be seen as complete.

In the macro markets, the Nasdaq rose 4.4%, while the dollar index and US bond yields fell, aided by Fed Chairman Powell's hawkish remark in a speech. As the possibility of a stance for the Fed's interest rate hike came out, the stock market can expect a year-end Santa rally, and it seems that the atmosphere has been created for the crypto market to rise further.