Odaily News Andre Dragosch, head of European research at crypto asset management company Bitwise, said that since investors have profited from the sharp rise in the crypto market after Trump's victory, the price of Bitcoin is likely to remain below the psychological level in the near future. In his report, he pointed out that Bitcoin has not been able to break through $100,000 so far because long-term holders have "released" a large amount of Bitcoin into the market in the recent rebound. At the same time, he said that the recent decline may be "temporary" because market sentiment is still high and supply seems to be somewhat tight, and Bitcoin valuation is still far from being overvalued. (cnbc)