The last two working days of the week will decide the fate of the February Bitcoin trend

Cryptocurrency market capitalization has exceeded $1.9 trillion, they are growing after Bitcoin, whose share of dominance is a step away from annual highs. The falling trend of BTC was reversed by institutional investors who buy out the digital asset after the Fed meeting in order to protect investments from inflation.

Record global growth in consumer prices led to a tightening of monetary policy, causing an outflow of speculative capital from the stock market and unprofitable, keeping funds in traditional defensive assets – bonds.

The investment stimulus led to an impulse growth of Bitcoin, which broke through the $40,000 mark without any problems. A further increase in the rate of the cryptocurrency is complicated by technical factors: the presence of a strong resistance zone of $45,000-$50,000 and the overbought stochastic RSI oscillator.

It is possible to overcome the obstacle that has arisen on the move only if there are good fundamental reasons. On Thursday, the next statistics on US inflation will be released, and Friday will show the Fed Minutes with the regulator’s comments on monetary policy and the distribution of votes of FOMC members who make decisions on the US discount rate.

Any slowdown in consumer prices or a hint of a looser monetary policy option will help Bitcoin not only get to the $50K level, but also ensure a positive trend until the end of February. There is no Fed meeting this month. In addition, for 10 years, February has traditionally been the month of the growth of the Bitcoin rate due to the seasonal fall in stocks.