Bitcoin has risen by more than 40% since Trump was re-elected, but it has not yet broken through the psychological barrier of $100,000.
Analysts noted that gains have slowed as long-term holders began to take profits. While market sentiment remains high, overexpansion could trigger a short-term correction. Novogratz predicts that Bitcoin will break through six figures, but the market’s overleverage may bring about a correction.
In addition, Trump’s pro-cryptocurrency policy has not yet been concreted, and the progress of future regulatory reforms will affect market fluctuations. Market analysts believe that the possibility of exceeding $100,000 still exists.
