👀 Fidelity: Crypto may be approaching a bottom region, but it’s not enough to confirm that the Bear Market has ended.
🟢 Bitcoin surged strongly at the end of August, including a week that rose by more than 25%. $ETH and $SOL also increased by 34.1% and 28%, respectively.
🟢 If the 4-year cycle continues to repeat, the Bear Market bottom could appear around November 2026, but Fidelity believes the bottom may have already formed as early as July.
🟢 The period of low volatility and exhausted selling pressure from June to mid-August, followed by a strong price breakout, resembles behavior that has appeared near the end of previous Bear Markets.
🟢 Notably, recent bad news is no longer pushing prices to even lower lows, while crypto adoption continues to grow.
🟢 Fidelity believes crypto may be near the bottom and is waiting for the next positive catalyst, but there still isn’t sufficient evidence to confirm that the Bear Market has ended.
🟢 Bitcoin surged strongly at the end of August, including a week that rose by more than 25%. $ETH and $SOL also increased by 34.1% and 28%, respectively.
🟢 If the 4-year cycle continues to repeat, the Bear Market bottom could appear around November 2026, but Fidelity believes the bottom may have already formed as early as July.
🟢 The period of low volatility and exhausted selling pressure from June to mid-August, followed by a strong price breakout, resembles behavior that has appeared near the end of previous Bear Markets.
🟢 Notably, recent bad news is no longer pushing prices to even lower lows, while crypto adoption continues to grow.
🟢 Fidelity believes crypto may be near the bottom and is waiting for the next positive catalyst, but there still isn’t sufficient evidence to confirm that the Bear Market has ended.
