Galaxy Research Director: Bitcoin has set multiple historical highs this week but has not shown any signs of 'overheating.'

Odaily Planet Daily News: Bitcoin has set multiple historical highs this week but has not shown any signs of 'overheating.' Several analysts point out that some fundamental factors suggest Bitcoin may rise further. 'From a fundamental perspective, the market does not appear to be overheated,' said Alex Thorn, head of research at Galaxy, in a market report on November 7. Aurelie Barthere, an analyst at crypto analysis firm Nansen, expressed a similar view. 'Bitcoin breaking historical highs with high trading volume is a clear signal of sustained positive momentum after the election,' Barthere explained in a market report on November 7. Barthere noted that after Donald Trump won the U.S. presidential election on November 5, traders began to 're-risk,' which has been reflected in the recent upward trend in the crypto market. (Cointelegraph)