What are BCA Research analysts saying about Bitcoin (BTC) priced above 90 thousand dollars?

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

The main target for Bitcoin, according to BCA Research, is $200,000.

BCA Research highlights a metric called the '260-day fractal'. This fractal tracks the 260-day price movements. According to analysts, when the value in this metric drops below 1.20, the market reaches the peak of a bull cycle. Currently, this value is still well above that threshold level. BCA analysts indicate that the current rally is still in its early stages.

BCA Research's $200,000 estimate has raised hopes among crypto investors. This forecast highlights Bitcoin's increasing impact on the global financial ecosystem. As the flagship of cryptocurrencies approaches the $100,000 milestone, its upward potential is increasing day by day. Especially, net inflows from spot ETFs and positive statements about Bitcoin from Donald Trump could push the target even higher.

However, it is necessary to pay attention to the $100,000 level during this process. This level can bring selling pressure psychologically. A weekly closing above $100,000 will further accelerate the BTC rally.

This article does not contain any investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.