The BCA Research team led by Chief Strategist Dhaval Joshi announced in a November 14 note to clients that despite the recent election-fueled rally, bitcoin’s 260-day complexity is not yet close to the 1.2 leve
l that would indicate the start of another crypto winter. Therefore, while a near-term retracement is expected, the structural uptrend of bitcoin remains intact with an ultimate destination of $200,000 or more.