Bitcoin Price About to Take Off Again? Don’t Miss This Wild Ride!

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So, you thought Bitcoin had already had its “blow-off top”—well, guess what? According to a fresh new report from Fidelity Digital Assets, it may not be over yet. Could BTC be gearing up for another “acceleration phase” that will make you wish you’d bought in 2020? Only time (and lots of volatility) will tell! 💸🚀

Fidelity’s very own Zack Wainwright seems to think that Bitcoin is like your favorite roller coaster—big, fast, and a little scary—but with tons of potential upside. He claims Bitcoin’s acceleration phases are marked by “high volatility and high profit,” and if you remember December 2020, when Bitcoin surged past $20,000, you know exactly what he’s talking about. Hold on tight, folks. 🎢

Now, let’s talk numbers: Bitcoin is currently down 11.44% this year (not exactly the stuff of dreams), and it’s almost 25% off its all-time high. But Wainwright is staying optimistic. According to him, Bitcoin’s post-acceleration performance is actually in line with its past cycles—so maybe this isn’t the end, but rather… the beginning of a new cycle? 🤔

Wainwright suggests that we’re still in an acceleration phase, but maybe just barely. Day 232 was March 3, and in previous cycles, the peak came at around day 244. So, in case you were wondering, we’ve got a little more time to wait until the next big spike. Patience is key, people. 🕰️

“The acceleration phase of 2010 – 2011, 2015, and 2017 reached their tops on day 244, 261, 280, respectively, suggesting a slightly more drawn-out phase each cycle.”

Is Another Parabolic Rally Coming to Bitcoin? (Spoiler: Maybe!)

Okay, let’s talk about the elephant in the room. Bitcoin has been chilling under $100,000 since February 21. What happened to the magic of the “Trump trade”? Well, that’s been replaced with tariff-wars and the looming fear of a U.S. recession. But hey, no one said Bitcoin would be easy! 😬

Even with all that economic drama, big fish are still buying Bitcoin like it’s going out of style. On March 31, Strategy CEO Michael Saylor went full-on Bitcoin whale mode, picking up a whopping 22,048 BTC for $1.92 billion at an average price of $86,969. 💰 And that’s not all—Bitcoin miner MARA is planning to sell up to $2 billion in stock to grab more BTC. Who needs a yacht when you can just buy a bunch of Bitcoin, right?

Meanwhile, Japanese company Metaplanet threw 2 billion yen ($13.3 million) into the Bitcoin pot, and GameStop made headlines by announcing a $1.3 billion convertible notes offering—some of which could go toward buying more Bitcoin. Are we in the midst of a massive corporate Bitcoin buy-up? Looks like it! 🏢

It’s safe to say that these institutional investors don’t care about the current price of Bitcoin. They’re in it for the long haul, and they’re clearly betting big on a future price surge. 🏦

Now, I know what you’re thinking: “But what does this mean for Bitcoin’s price?” Well, Wainwright suggests we keep an eye on a specific metric—namely, how many days during a 60-day period Bitcoin hits a new all-time high. So, if you see Bitcoin creeping up towards $110,000, don’t say I didn’t warn you. 📈

“Bitcoin has typically experienced two major surges within previous Acceleration Phases, with the first instance of this cycle’s following the election. If a new all-time high is on the horizon, it will have a starting base near $110,000.”

So there you have it—Bitcoin’s looking like it might just take us on another wild ride. Buckle up, folks. It’s going to be a bumpy (but hopefully profitable) journey! 💥💸

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2025-04-01 08:29