Andre Dragosch, head of European research at crypto asset manager Bitwise, said bitcoin prices are likely to remain below the psychological level in the near future as investors have profited from the surge in crypto markets following Trump's election victory, noting in the report that bitcoin has so far failed to break through $100,000 because long-term holders have "pumped" a lot of bitcoin into the market during the recent rally, while calling the recent decline "temporary" as sentiment remains high and supply appears to be tight, with bitcoin valuations still far from overly high.