Institution: Bitcoin may soon resume its rise, with a target at the $100,000 mark
Bitcoin prices edged lower. The rally sparked by Trump's victory in the US Presidential Election has paused and has not broken the $100,000 mark. However, Kathleen Brooks of XTB released a research note saying that bitcoin may soon resume its rise. "We still think bitcoin will rise above the $100,000 mark in the next few days and weeks, but there may be volatility before it reaches this critical level," she said. There are a number of put options around $98,000-99,000 that bet on bitcoin to fall. These options could "trip up investors who want bitcoin prices to rush towards the $100,000 mark quickly".