week, with prices climbing above $99,000 for the first time. However prices have since taken a breather, and bitcoin was trading around $98,243.25 early Monday, according to CoinGecko data — up only a fraction of a percent on the day. CNBC asked analysts for their take on why bitcoin has so far failed to breach the widely-watched $100,000 mark. Investors taking profits Andre Dragosch, head of research for Europe at crypto-focused asset management firm Bitwise, said bitcoin was likely being kept below the psychological barrier as investors take profit from its sizable post-election rally. Bitcoin has “so far failed to breach” $100,000 because “long-term holders have started to distribute significant amounts of bitcoins into the recent rally,” Dragosch said in a research note shared Monday.