Nigel Green of deVere Group, a financial services consultancy, expects a short-term sell-off in Bitcoin after it breaks through a psychological barrier. "It is natural for some investors to lock in profits after such a large rally in such a short period of time. This sell-off may only be temporary, after which Bitcoin will gain further momentum, surging to $120,000 as early as Quarter 1 next year." Bitcoin's extraordinary performance comes as the market expects Trump 2.0 to create a more favorable regulatory framework for cryptocurrencies. Investors are betting on the US president-elect's pro-cryptocurrency stance. "