TechFlow reported on December 5, according to Jinshi News, Nigel Green, CEO of financial services consultancy deVere Group, said that after breaking through a key psychological level, Bitcoin might experience short-term selling. "Given the significant rise in such a short period, it's natural for some investors to lock in profits. This sell-off could be temporary, after which Bitcoin’s momentum may strengthen further, potentially surging to $120,000 as early as the first quarter of next year." "Bitcoin’s exceptional performance comes amid market expectations that Trump 2.0 will create a more favorable regulatory environment for cryptocurrencies. Investors are betting on the incoming U.S. president’s pro-crypto stance."
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