👉👉Bitcoin on the way to $100,000: Analysts' target is too crazy! 👈👈
As Bitcoin (BTC) approaches a historic milestone by trading at $90,000, how do BCA Research analysts evaluate this rise
Bitcoin is gradually advancing towards its long-awaited $100,000 target. The leading cryptocurrency, currently trading around $90,000, is preparing to leave this level behind. However, according to BCA Research analysts, this is just the beginning. Analysts predict that Bitcoin could exceed the $200,000 level. This prediction is based on technical analysis and Bitcoin's increasing role in the global financial system
It draws attention to a metric called the "260-day fractal." This metric tracks Bitcoin’s price action over the past 260 days. According to analysts, a drop below 1.20 indicates that the bull market has peaked. However, the current value is well above this level, and BCA analysts believe that the current rally is still in its early stages.
The $200,000 forecast for Bitcoin has created excitement among crypto investors. This forecast highlights Bitcoin’s growing influence in the global financial world. As it approaches $100,000, its upside potential is also seen to grow. Strong inflows, especially from spot ETFs, and Donald Trump’s positive statements about Bitcoin could push Bitcoin’s price even higher.
The $100,000 level should be monitored with particular care. This psychological resistance level could lead to selling pressure for some investors. If Bitcoin can close above $100,000 weekly, this could accelerate the rally and pave the way for new highs
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