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Golden Finance reports that research from Fidelity Digital Assets suggests that the Bitcoin bull market is not over yet, as the “acceleration cycle” has not yet peaked. The report from Fidelity Digital Assets questions whether Bitcoin’s price has already experienced a cyclical “peak” or whether Bitcoin is on the verge of another “acceleration phase.”
According to Fidelity analyst Zach Wainwright, Bitcoin’s acceleration phase is characterized by “high volatility and high returns,” similar to the price trend when Bitcoin broke through the $20,000 mark in December 2020.