TechFlow reported on November 25 that, according to Bloomberg, Bitcoin pulled back after nearing the $100,000 milestone, dropping as low as $95,776. Matt Maley, Chief Market Strategist at Miller Tabak + Co, pointed out that market bullish sentiment has become extremely elevated, and Bitcoin needs a brief consolidation. Since Trump's election, the market capitalization of digital assets has grown by approximately $1 trillion.
David Lawant, Head of Research at FalconX, said that as Bitcoin approaches $100,000, selling pressure has clearly increased, and a sideways movement is expected near this level. Stephane Ouellette, CEO of FRNT Financial, believes that although Bitcoin is in an overbought condition, the current pullback has been limited, only returning to mid-week levels last week.
