BCA Research has analyzed bitcoin's price movements, predicting a potential climb to over $200,000 based on fractal patterns. Despite the current price hovering around $90,000, the firm's assessment indicates that the complexity of bitcoin's price movements remains high, which suggests continued bullish momentum. A specific gauge that monitors these patterns—known as the 260-day fractal dimension complexity—currently shows readings above 1.20, signaling that the market is not yet at a peak. BCA Research asserts that while a near-term retracement may occur, the long-term trend remains upward, with substantial value expected from bitcoin's network effects. According to the research team, this network effect positions bitcoin as a non-confiscable asset, akin to gold, in a fiat monetary system, providing security against inflation and potential financial crises.

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