$ 5 trillion asset managers Fidelity Investments say it expects Bitcoin will reach a new high time “before the end of this cycle.” The company published an analysis of BTC’s current price track on X (formerly Twitter) on Friday and listed Haussearted speed. “Bitcoin’s acceleration phase continues after 69 days with low profit and high volatility reinforcement of our team’s dissertation that Bitcoin can see another highest time before the end of this cycle,” Fidelity said.
From a pricing point of view, the haus -shaped 2024 began in the end in June 2023 when the first glimpse of the bottom phase appeared, which signaled that the high volatility that had remained since March 2017 finally fell. This change in volatility signaled that Bitcoin potentially entered a new haus phase, and each subsequent day with low volatility reinforced that thesis. According to Fidelity, that pattern reappears because June is around the corner. Thus, a hooked wave is ongoing next month that sends Bitcoin over its current ATH at $ 109,114.88.
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Fidelity projects this growing to come before the end of Q2 2025. However, the company notes that global events can always change the Bitcoin course at any time. An earlier example of this was the Covid-19 pandemic, which refueled the crypto market massively. A market -shifting event can end the acceleration phase prematurely or extend it further than expected. Fortunately, this cycle has been uninterrupted so far, so bulls are still responsible.
In the past 30 days, BTC has jumped more than 22%, according to Coinmarketcap. In addition, it has recently recycled the level of $ 104,000 and maintains that position. It does not deny that its strength and value as an investment asset continues to advocate for nations all over the world.