Golden Finance reported that according to an analysis published by Bloomberg, Bitcoin’s rise has stalled as it approaches $100,000, in part because traders are assessing whether the optimism brought about by Trump’s support for cryptocurrencies has become excessive. Matt Maley, chief market strategist at Miller Tabak + Co, said investors are worried that Bitcoin “has to take a breather now as it has basically tested the $100,000 level,” adding that bullish sentiment around Bitcoin “is becoming extreme". In addition, the market believes that although Trump has promised to implement more friendly regulations and promised to establish a national Bitcoin reserve, the implementation timetable and the feasibility of the Bitcoin reserve are still unresolved.