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Institutions: Bitcoin may soon resume its rise target and look at the $100,000 mark

Online reports reported that the price of Bitcoin fell slightly. The rally triggered by Trump's victory in the U.S. presidential election stalled and did not break the $100,000 mark. However, XTB's Kathleen Brooks released a research report saying that Bitcoin may soon resume its rise. "We still believe Bitcoin will rise above the $100,000 mark in the next few days and weeks, but there may be fluctuations before reaching this critical level," she said. There are many put options around $98,000 -99,000, betting that Bitcoin will fall. These options could "trip investors who want Bitcoin prices to quickly move towards the $100,000 mark."

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