PANews reported on November 25 that Matt Maley, Chief Market Strategist at Miller Tabak + Co, stated that investors are concerned that Bitcoin "needs to take a break now as it has basically tested the $100,000 level," and the bullish sentiment surrounding 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, Head of Research at cryptocurrency brokerage FalconX, said: "As Bitcoin approaches the $100,000 mark, I see an increase in seller inclination, which suggests 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., stated: "Since the election, Bitcoin has been in an extremely overbought state, and it is destined to stagnate. That said, the current situation hardly counts as a pullback; we are just back to the levels of mid-last week."
