This report from Fidelity Digital Assets reinforces the idea that Bitcoin's bull market may still have legs, with an "acceleration phase" potentially leading to another surge. The pattern aligns with past cycles, where Bitcoin sees a high-volatility breakout followed by a correction before another major run-up.
A key takeaway is that institutional demand remains strong despite short-term price fluctuations. Michael Saylor’s MicroStrategy, Marathon Digital, Metaplanet, and even GameStop are making moves to acquire more BTC, reflecting a long-term, price-agnostic strategy.
The market has been in a cooling phase since hitting its ATH, but if Fidelity’s thesis holds, a second acceleration wave could push BTC toward or past $110K. The number of new ATHs within rolling 60-day periods is an important metric to watch for confirmation.
Are you thinking of making a move based on this analysis, or waiting for more signals?
