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Odaily Planet Daily News: Charlie Sherry, head of financial and cryptocurrency analysts at BTC Markets, said that Bitcoin's recent drop to $93000 "is best understood as part of its historical pattern, which is a healthy correction after a significant increase He added that these pullbacks "indicate a cyclical pattern that allows the market to consolidate gains and reduce leverage before further gains," and then predicted that this could be the last major pullback for Bitcoin before reaching $100000. CK Zheng, co-founder of ZX Squared Capital, commented that $100000 is a strong resistance level for Bitcoin in recent times. "Some long-term holders may choose to reduce their exposure to Bitcoin under this psychological barrier, and the market may enter a consolidation phase after the huge fluctuations after the US election. We believe that the pullback is healthy, but the magnitude of the pullback will be quite small. A 20% pullback will provide a good entry point for new long-term investors Zheng stated that the company expects Bitcoin to surpass the $100000 milestone in the coming months as the new Trump administration pushes for cryptocurrency friendly rules and regulations in the United States. （Cointelegraph）