Bitcoin's Bear Market May Be Over!..
Fidelity's Jurrien Timmer believes Bitcoin's bear market has officially ended. His reasoning is simple but important: the correction has lasted long enough and pushed sentiment through enough pain to qualify as a potential market bottom.
If this call holds, $BTC may be moving from the capitulation and accumulation phase back toward a new trend. A bottom doesn't mean the price goes straight up. Volatility and retests can still happen. But after an extended correction, the bigger question is whether the market has already absorbed most of the selling pressure.
The next phase could be less about surviving the correction and more about proving the recovery!
#Fidelity #Bitcoin Price Prediction: What is Bitcoins next move?#
Fidelity's Jurrien Timmer believes Bitcoin's bear market has officially ended. His reasoning is simple but important: the correction has lasted long enough and pushed sentiment through enough pain to qualify as a potential market bottom.
If this call holds, $BTC may be moving from the capitulation and accumulation phase back toward a new trend. A bottom doesn't mean the price goes straight up. Volatility and retests can still happen. But after an extended correction, the bigger question is whether the market has already absorbed most of the selling pressure.
The next phase could be less about surviving the correction and more about proving the recovery!
#Fidelity #Bitcoin Price Prediction: What is Bitcoins next move?#
