The bitcoin price is fixed for the next foot ‘Acceleration phase’ – Research Fidelity

A recent report on digital property fidelity is corresponding whether the price of bitcoin has already seen its cyclic “blow of top” or if the BTC (Btc) is at the top of another “phase of acceleration”.

According to Fideliti Analyst Zack Vainvright, the Bitcoin Acceleration phase is characterized by “high instability and high profit” similar to the price seen when the BTC pushed above $ 20,000 in December 2020. Years.

Although Bitcoin-to-year return reflects a loss of 11.4%, and the property is almost 25% of their all time, Vainvright said The recent phase effect after acceleration is aligned with BTC average withdrawal, compared to previous market cycles.

Vainvright suggests that Bitcoin is still in the acceleration phase, but it approaches the completion of the cycle, as 3 of March. Martha represented 232 periods. Previous tops lasted a little longer before the turned thermal period.

“Acceleration phase in 2010. years – 2011, 2015 and 2017. reached their tops 244, 261, 280, suggesting a little more phase of each cycle.”

Related: Mara Holdings plans huge 2b actions to buy still Bitcoin

Is there another parabolic rally on tabs for Bitcoin?

The price of Bitcoin was set on fire below $ 100,000 from 21. February, and a good part of the momentum and positive feeling was scattered and replaced with volatility from the tariff war and fear on the market so that they could go to the recession now.

Despite these transmitted factors and negative influences that had Bitcoin daily prices, large entities continue to add their BTC Stockples.

31. Marta, General Manager of Michael Sailor Strategy announced That the company has acquired 22,048 BTC ($ 1.92 billion) in an average price of $ 86,969 per bitcoin. On the same day, Bitcoin Miner Mara discovered that he plans to sell up to $ 2 billion in stock to pay more BTC occasionally. ”

Following the steps of a larger hat company, Japanese firms Metaplanet issued 2 billion yen ($ 13.3 million) in bonds 31. Marta to buy more bitcoin, and the biggest news of March came from gamestops that announce a 1.3 billion convertible notes they offerthat could be used to buy bitcoin.

Recent purchase and statements about the intention for the purchase of various companies that are publicly listed international and present the agnostic approach to the accumulation of BTC as a reserve asset and point out positive future price expectations among institutional investors.

Although it is difficult to determine the impact of institutional purchase in Bitcoin in BTC, Vainvright said that a metric to view the number of days during the deadline within 60 days when cryptocurstity hit the new all the time. Vainvright posted the following chart and said:

“Bitcoin usually experienced two main settlements in previous phases of acceleration, and the first instance of this cycle follows the choices. If the new-time is on the horizon, will have a starting base near $ 110,000.”

This article does not contain investment advice or recommendations. Any investment and trade of trading involves risk, and readers should conduct their own research when making a decision.