“Well hello Bitcoin,” summed up Cointelegraph contributor Michaël van de Poppe before a YouTube update on the day.
According to the analyst, Bitcoin’s slide from $ 45,000 to $ 43,500 was “pretty normal,” with longer time frame charts showing a bearish divergence, implying that “we could have an additional corrective move.”
Thursday’s Bitcoin price pullback was also seen as a normal move by David Lifchitz, managing partner and chief investment officer at ExoAlpha, for whom he sees the “almost uninterrupted rise of the last two weeks” as a sign that “the bulls they need to take a breather before continuing their upward momentum. “
None of the negative news in relation to cryptocurrencies, as the new tax burdens and increased regulation seem to bother the bulls the least. The US Senate gave the green light to the bipartisan $ 1 trillion infrastructure plan on Tuesday, which will now go to the House of Representatives and that includes the intention to tax cryptocurrency transactions, raising 28,000 million dollars in ten years.
But experts note that, far from being negative, this news indicates that crypto is highly regarded in Washington. At the moment, the price objective of the technical analysis is $ 60,000, according to José María Rodríguez, technical analyst at Bolsamanía. “But we cannot rule out even that it goes to the area of historical highs and beats them, activating a new signal of strength. And we already know how bitcoin is spending them every time it surpasses historical highs,” concludes the expert.
According to Rekt Capital, an anonymous Twitter analyst, the $ 45,200 level was a difficult resistance level in the past.