Bitcoin on the way to $100,000: Analysts' target is too crazy!

#Bitcoin is approaching a historic milestone. The leading cryptocurrency, currently trading around $90,000, is gradually approaching the long-awaited $100,000. However, according to BCA Research analysts, this is just the beginning. According to analysts' estimates, Bitcoin could exceed $200,000. The prediction is based on technical analysis and Bitcoin's increasing importance in global finance.

BCA Research draws attention to a metric called the "260-day fractal." This fractal tracks 260-day price movements. According to analysts, when the value in the relevant metric falls below 1.20, the market has reached the peak of the bull cycle. Currently, this value is still well above this threshold level. #BCA analysts state that the current rally is still in its early stages.

#BCA Research's $200,000 forecast has given hope to crypto investors. This prediction emphasizes Bitcoin's growing influence in the global financial ecosystem. The flagship of cryptocurrencies is increasing its potential for growth day by day as it approaches the $100,000 milestone. In particular, net inflows from spot ETFs and Donald Trump's positive statements about Bitcoin may push the target even higher.

However, it is necessary to pay attention to the $100,000 band in this process. This level may bring psychological selling pressure. A weekly close above $100,000 will further accelerate the BTC rally.