According to online reports, according to Bloomberg's analysis, Bitcoin's rally stalled as it approached $100,000, in part because traders were assessing whether the optimism brought about by Trump's support for cryptocurrencies had become excessive. Matt Maley, chief market strategist at Miller Tabak + Co, said investors are worried that Bitcoin "must now take a break because 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 friendlier regulations and to establish a national bitcoin reserve, the implementation timetable and the feasibility of the bitcoin reserve are still up in the balance.