The growth of the Bitcoin course raised the completion of consolidation, which could be a trap for bulls

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Bitcoin at a crossroads. On Thursday, the first cryptocurrency quotes overcame the top border of the triangle formed in the last two weeks of the triangle slightly above $ 38,500, putting

Even if the breakdown is confirmed, the continuation of the rise looks difficult and does not guarantee the completion of the downward trend. The situation spoiled American macroityatistics. The growth of jobs in the private sector by 978 thousand at a forecast of 742 thousand, as well as positive data in the business activity indices in the field of services raised the expectations of tightening the Fed rhetoric and provoked the strengthening of the dollar, undermining optimism in financial markets. Tomorrow there is a real exam in the form of official data on the labor market at 15:30 Moscow time.

As for the news from Cryptomira, today, they are more likely positive, if not to take into account the warning of the head of the controller of Michael Hsu’s monetary circulation, which announced the possibility of revising the rules of the work of banks with cryptocurrency. Earlier in 2020, the reform of his predecessor Brian Brooks, who allowed banks to keep the provision of stelkins and act as custodians, created a sense of imminent adoption of digital assets.

From China received news about the productive conversation of Mainers Sichuan with regulators, local media, in turn, noted that they were not rejected to trade cryptocurrencies, if they are not packed in an investment product. In other words, the attack of Beijing is not comprehensive, but fragmented.

June 4, the largest Bitcoin 2021 conference starts, whose speakers can support moods on the cryptocurrency market. But this is subject to the lack of trick in tomorrow’s statistics. She can confuse maps to those who believed that Bitcoin after breakdown the upper border of the triangle now inevitably waiting for the rise to $ 40,540 — 42,000.

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