Fidelity Research: Bitcoin is preparing to enter the next stage of the "acceleration phase"
Golden Finance reports that research from Fidelity Digital Assets suggests the Bitcoin bull market is not over yet, as the "acceleration cycle" has not reached its peak. A report from Fidelity Digital Assets questions whether Bitcoin's price has already experienced a cyclical "peak", or if Bitcoin is on the verge of another "acceleration phase".
According to Fidelity analyst Zack Weinwright, Bitcoin's acceleration phase is characterized by "high volatility and high returns," similar to the price trend when Bitcoin broke through $20,000 in December 2020. Despite a return rate of 11.44% loss for Bitcoin so far this year and a nearly 25% drop from its historical high point, Weinwright states that recent performance after an “acceleration phase” aligns with average pullback levels compared to previous market cycles.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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