Bitwise's Head of Research for Europe, Andre Dragosch, stated that the recent price of Bitcoin is likely to remain below psychological thresholds, as investors have already profited from the significant rise in the crypto market following Trump's victory. In his report, he pointed out that Bitcoin's failure to break through $100,000 so far is due to long-term holders having 'released' a large amount of Bitcoin into the market during the recent rebound. He also mentioned that the recent decline could be 'temporary,' as market sentiment remains high and supply appears to be somewhat tight, with Bitcoin's valuation still far from being too high.