Odaily News Chris Weston, head of research at Pepperstone Group, wrote in a report that Bitcoin is in "beast mode." "For traders who are undecided, the question is whether there is still room to chase this hot run or wait for a slight pullback and for some of the heat from the impulsive trend to fade." In the options market, investors are betting that Bitcoin will break through $100,000 as early as the end of this year, according to data from derivatives exchange Deribit. Meanwhile, software company MicroStrategy Inc. bought about 27,200 bitcoins for about $2 billion between October 31 and November 10. MicroStrategy Inc. is the listed company with the most bitcoins outside of ETFs. "After such a sharp rise, there will naturally be a period of digestion, and a short-term neutral bias is recommended," said Katie Stockton, technical analyst at Fairlead Strategies LLC, in her latest research report. (South China Morning Post)