Bitcoin

Leading cryptocurrency Bitcoin (BTC) broke a new record by rising above $93,000 in the rally following the Trump victory.
However, even if BTC experiences a correction afterwards, the rise is expected to continue.
At this point, BCA Research reported that it expects Bitcoin to exceed $200,000 in this cycle.
<h2 id="bitcoin-may-see-short-term-correction-but-target-for-bullish-peak-is-200-000-and-above">Bitcoin May See Short-Term Correction, But Target for Bullish Peak is $200,000 and Above!</h2>
According to Coindesk, global research firm BCA Research has stated that Bitcoin could exceed $200,000 this cycle.
BCA Research analysts said this estimate is based on 260-day fractal dimension complexity, a metric that tracks changes in price patterns.
He noted that this indicator, which is based on 260-day fractal patterns, is not even close to the 1.20 level seen during previous bull market peaks, which indicates a peak.
BCA analysts led by Dhaval Joshi expect a pullback in the short term, writing:
<blockquote>
 “Despite Bitcoin’s election-fueled rally, its 260-day complexity is nowhere near the 1.2 level that would signal a boa peak or, in other words, the beginning of crypto winter.
 Therefore, although we expect a pullback in the short term, Bitcoin's structural uptrend remains intact with an ultimate target of $200,000 and above.”
</blockquote>
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/analysis-company-says-a-short-term-correction-may-come-in-bitcoin-but-the-bull-is-not-over-announces-its-prediction-for-the-real-peak/" rel="noopener noreferrer nofollow">Analysis Company Says “A Short-Term Correction May Come in Bitcoin, But the Bull Is Not Over”, Announces Its Prediction for the Real Peak!</a>

Analysis Company Says “A Short-Term Correction May Come in Bitcoin, But the Bull Is Not Over”, Announces Its Prediction for the Real Peak!

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