Bitcoin Isn’t ‘Overheated’ Despite Hitting New All-Time High

Bitcoin is showing no signs of being “overheated” despite reaching new all-time highs this week, according to analysts pointing to fundamentals that suggest more potential gains. “The market does not look overheated from a fundamental perspective,” stated Alex Thorn, Galaxy’s Head of Research, in a Nov. 7 market report viewed by Cointelegraph. Nansen analyst Aurelie Barthere shared a similar view, noting, “Bitcoin crossing its all-time high with heavy volume is a clear signal of ongoing positive momentum following the elections,” as stated in her Nov. 7 report. Barthere highlighted that after Donald Trump’s victory in the U.S. presidential election on