“Regardless of bitcoin’s election-fueled rally, its 260-day complexity just isn’t but near the 1.2 degree that may sign the beginning of one other crypto winter,” the BCA Analysis staff led by Chief Strategist Dhaval Joshi mentioned in a Nov. 14 be aware to shoppers. “Therefore, whereas we should always anticipate a near-term retracement, bitcoin’s structural uptrend is unbroken with an final vacation spot of $200,000+.”