Bitcoin edges lower as its rally since Donald Trump’s U.S. presidential election victory pauses ahead of the key $100,000 milestone. However, the cryptocurrency could soon resume its rise, XTB’s Kathleen Brooks says in a note. “We continue to think that bitcoin will breach the $100,000 level in the coming days and weeks, although it could be choppy in the lead-up to this key level,” she says. There are many put options–which bet on the cryptocurrency falling–around $98,000-$99,000. These could “trip up investors looking for a quick run to $100,000.” Bitcoin falls 1.1% to $98,289 after hitting a record high of $99,830 on Friday, according to LSEG. (renae.dyer@wsj.com)
