Deep Tide TechFlow News, on November 8, according to Cointelegraph, Bitcoin has set multiple historical highs this week but has not shown any signs of 'overheating.' Several analysts pointed out that some fundamental factors indicate that Bitcoin may rise further. 'From a fundamental perspective, the market does not appear to be overheated,' said Galaxy Research Director Alex Thorn in a market report on November 7. Cryptocurrency analysis firm Nansen analyst Aurelie Barthere also expressed a similar view. 'Bitcoin breaking historical highs on high trading volume is a clear signal of sustained positive momentum after the election,' Barthere explained in a market report on November 7. Barthere pointed out that after Donald Trump won the U.S. presidential election on November 5, traders began to 'take on risk again,' which has been reflected in the recent upward trend in the crypto market.
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Galaxy Research Director: From a fundamental perspective, the market is not overheated
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