ChainCatcher News, the author of "Crypto is Macro now" Noelle Acheson stated that the difficulty in breaking through $100,000 might lead traders to believe that the peak has been reached and that it is time to lock in profits, but any such episode should be "short-lived".

Since Trump won the U.S. presidential election, Bitcoin has seen a decline this week, following its failure to hit $100,000, and the speculative frenzy in the cryptocurrency market seems to be starting to cool down.