Start investing in cryptocurrency： Binance register
Andre Dragosch, Head of Research for Bitwise Europe, suggests that Bitcoin’s price is likely to remain below the psychological $100,000 threshold in the near term, as investors have already realized significant gains following the market surge after Donald Trump’s victory. In a recent report, he noted that Bitcoin’s failure to surpass $100,000 is largely due to long-term holders selling off substantial amounts of Bitcoin during the recent rally. However, Dragosch also indicated that the recent price decline may be “temporary,” as overall market sentiment remains positive, and supply appears to be tightening. He concluded that Bitcoin’s valuation is still far from overheated, implying that its long-term outlook remains favorable.