Fidelity Says Bitcoin May Not Be Out of the Woods Yet
Join our trading community for real-time crypto insights, market analysis, and automated trading tools. Stay updated with the latest strategies and signals to improve your trading decisions. Learn more: https://t.me/futuressignalsrobot Fidelity believes that while Bitcoin's strong August rally and other factors offer reasons for optimism, none confirm that the bear market has ended. Bitcoin, once again, climbed above $80,000 after surging by 4.3% on Friday. The recent strength comes as a welcome change, as the crypto market spent much of the third quarter under pressure before a sharp rally in late August changed the tone. BTC, for one, recorded its strongest monthly gain since November 2024, which led some investors to believe the bear market may have ended. But according to Fidelity, there is no guarantee that’s the case yet. Possible November Bottom? One factor in focus is Bitcoin’s historical four-year market cycle. The crypto asset has generally formed major...