Galaxy Digital: Bitcoin bull market has staying power, may try to break through $100,000 again in the short term

Odaily Planet Daily Report In the instructions to clients written by Alex Thorn, the head of research at Galaxy Digital, he wrote: "Once some leverage is flushed out and short-term buyers take profits, we believe BTC may find a strong support base and may attempt to break through the $100,000 level again in the short term." Alex Thorn said that corrections in a bull market are normal and often very severe. Even during the period from March to November this year, BTC has experienced 5 declines of 15% or more, and now there are numerous positive catalysts for BTC and cryptocurrencies, the market expects a series of positive signals in terms of regulation and policy, the relaxation of regulatory resistance, the absence of enforcement actions or regulatory guidance, which may greatly expand the access channels for US institutional investors to cryptocurrencies.