According to BlockBeats news on November 25, Bloomberg reported that Matt Maley, chief market strategist at Miller Tabak + Co, stated that investors are worried that Bitcoin "now must take a breather as it has essentially tested the $100,000 level," adding that the bullish sentiment around Bitcoin "is becoming extreme." Since the Republican victory on November 5, the overall value of the digital asset market has increased by about $1 trillion.
David Lawant, the research director of cryptocurrency brokerage FalconX, said: "As Bitcoin approaches the $100,000 mark, I see an increase in selling pressure, which indicates that we may experience consolidation around this level in the short term before continuing to break through this level."
Stephane Ouellette, CEO of cryptocurrency investment firm FRNT Financial Inc., said: "Since the election, Bitcoin has been in an extremely overbought state, and it was destined to stagnate. That being said, the current market situation barely qualifies as a correction; we have simply returned to the levels seen in mid-last week."
