Bitcoin is close to peak with high encryption speculation: BCA

• BCA Research says speculative frenzy in encryption is its climax.
• Mimi’s last currency obsession shows that the market offers excessive levels of optimism.
• BCA Mimi launched this week and called the trap liquidity.

A research company that has been optimistic about encryption for years says the market has reached its climax – Mimi’s currency has been launched to prove that frenzy has been out of control.

On Monday’s customers, BCA Research said that her short -term view of the encrypted currency was turning more down. The company started a bullish position in Bitcoin and Crypto on a large scale in 2023, and previously said it had witnessed Bitcoin climbing $ 200,000.

Since that call, Bitcoin has risen, attracting more institutional money and inspiring noble price goals.

“But is this the time to enter? We do not think that. The increase in
He wrote on Tuesday on Tuesday: “Memecoins, standard bitcoin etf flows, and retail speculation of excess optimism, a historical warning sign.”

BCA tends to have a speculative obsession that controls the encryption markets, and BCA said it fired liquidity trap, a MIM coin aimed at “hedging against the possibility of fully adopting financial markets.”

The distinctive symbol, which is trading under the LTRAP LTRAP, was trading much less than $ 0.01 on Tuesday. The market ceiling in the currency fell to half to approximately $ 28, a decrease from $ 54 on Monday, according to Solutions.

The currency witnessed a set of activity when it was first launched, which is likely to be attributed to Meme Coin merchants who repeatedly lead the newly released metal currencies to convert a quick profit.

“When they realized that the currency was not reaching a million dollars, they stopped circulating,” said Korea.

Korea and Artem Casev, the company’s research analyst, said that the currency was not an official investment product or linked to BCA research or its subsidiaries. The strategists repeated that they believed that the currency was mainly valuable.

“It is also called liquidity trap because it is literally a liquidity trap – as in any money you put here, you will definitely lose forever,” Korea and Sakhayif wrote in a note. “We believe that its fundamental value is zero and that investing the money of your stakeholders is a serious violation of credit responsibility.”

BCA is still optimistic about the long -term Bitcoin, with the price of $ 200,000 for encryption. But at the present time, digital assets seem more clear for investors to get a good deal, indicating the risk of total developments and high levels of speculation.

The company added that the share of bitcoin supplies for a profit exceeds 90 %, a major threshold that has historically indicated major peaks in bitcoin prices.

Meanwhile, eight of the 10 best financing applications were downloaded as of January 20 from the platforms that allow the encryption trade, according to Tower Sensor data.

“We are concerned that this raging optimism is a sign that we are about to get the top,” Korea and Sakhayif wrote. They later added: “Thus, we believe that we are in a stage of wisdom to start spending gains and stopping any gradual allocations.”

BCA said it would become a “more prepared” buyer for Bitcoin when its price drops to about 75,000 dollars, which represents a decrease of more than 20 % of the current levels.

The price of Bitcoin was on a wild trip since Trump won the elections in November, with the last coding gathering 100,000 dollars amid optimism that the president will reach in the industry and may create a national stock of bitcoin.

Bitcoin traded about $ 97,000 on Tuesday, a decrease of 11 % of its rise at all by $ 109,000 in late 2024.