Bitcoin trades at $ 55,600 after several failed take-off attempts

Analysts say the $ 54,000 level is the new support from which the cryptocurrency most popular so that you can start a new take off.

The latest escalation was due to the United States Congress approving the bill promoted by the president Joe biden which establishes sending $ 1,400 checks to low- and middle-income families, which has led to optimism in the financial and crypto asset markets. Later the market was reduced for profit taking.

Bitcoin, the world’s largest cryptocurrency by market capitalization, It is the one that has received the most entries so far this year, with $ 3.3 billion, while Ethereum ranks second, with 731 million.

“Bitcoin could climb to $ 75,000 very quickly”said a few days ago Jeffrey Halley, senior market analyst at Oanda Asia Pacific, while Bloomberg Intelligence strategist Mike McGlone argued that $ 100,000 could be the next threshold. However, the main cryptocurrency doesn’t seem exempt from having to navigate conflicts along the way.

“As Bitcoin becomes part of the mainstream and attracts more attention, it is likely to attract more scrutiny from regulators in the United States and Asia.”Jesse Cohen, senior analyst at Investing.com, responded at the same time. “The possibility of increased control and tighter regulation remains the biggest hurdle for Bitcoin,” he added.