Bloomberg: Bitcoin's rally temporarily stalled after approaching $100,000, and may experience consolidation in the short term

Odaily Planet Daily Report: Matt Maley, chief market strategist at Miller Tabak + Co, said that investors are concerned that Bitcoin "must now take a breather, as it has essentially tested the $100,000 level," and added that the bullish sentiment around Bitcoin "is becoming extreme." Since the Republican victory on November 5, the overall value of the digital asset market has grown by about $1 trillion. David Lawant, head of research at cryptocurrency brokerage FalconX, said: "As Bitcoin approaches the $100,000 mark, I see selling pressure intensifying, which suggests we may experience consolidation around this level in the short term before continuing to break through." Stephane Ouellette, CEO of cryptocurrency investment firm FRNT Financial Inc., said: "Since the election, Bitcoin has been in an extremely overbought state, and it is destined to stagnate. That said, the current market conditions can hardly be called a correction, we are just back to the mid-last week level." (Bloomberg)