Yesterday(11/8 00:00 - 24:00, UTC+0), Bitcoin price recorded its starting as $14,838, its lowest as $14738, its highest as $15,670 and its closing as $15,499. Bitcoin continued to rise with a small trading volume after the day started, peaked at 18:00 and closed +4.4% at $15499. And it rose 12.6% weekly.

Considering the rate of increase, the trading volume is only 56% compared to the previous day's decline, so it can be said this may be due to the Sunday market. On the other hand, the cryptocurrency greed index recorded 90 again due to yesterday's big rise, and the 3d/1w RSI recorded 81/77, indicating that crypto market is still in the overheated sphere.

Many analysts in the cryptocurrency market are saying hopefully that Bitcoin will go over $100,000 in a year or two. As everyone knows, when the market is full of optimism and an asset price rises endlessly, of course there should be a big adjustment at the end.

Let's follow the flow of consciousness like this. What does Bitcoin need to get $100,000? Of course, there should be money rushing into the cryptocurrency market. Where will the money come from? It is difficult to climb with only the money of the ants(personal), and large fund funds must come in.

Where will big fund funds come from? It must come from the stock market and the bond market. In particular, cryptocurrency (especially bitcoin) can win the grand prize only when a huge amount of funds from the bond market enters the cryptocurrency market. What are the conditions under which funds invested in bonds are released? When interest rates continue to fall and yields on bond investments fall, money comes out of bonds. What is the current interest rate? the most bottom.

Most of the analysts in the cryptocurrency market are those who can make big money from the rise of cryptocurrency. Perhaps it is a position similar to the fund managers in the stock market. The stock market is currently on the rise, recognizing all signals in the market as good news, and it is doubtful that it will rise endlessly. I guess there will certainly be an adjustment, and there will be an opportunity to buy bitcoin at that time.