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Fidelity Believes in a Turning Point: Bitcoin Ready for a Surge!

The fate of Bitcoin is once again on the rise, according to Fidelity analysts. Jurrien Timmer, Director of Global Macro Economics, has announced the imminent end of the correction and predicted a return to an upward trend.

Although Bitcoin experienced a short-term downturn after the ETF approval, Timmer asserts that this is a temporary pause rather than the end of a long-term trend. Contrary to forecasts of a drop to $36–38k, Timmer sees consolidation and claims that the price is close to fair value.

Fidelity Investments, managing assets of $11 trillion, is a key player. However, should we expect a stable rise, or is Bitcoin preparing more surprises for us? Redistribution of funds between futures and spot markets may lead to excitement. What awaits us on the path to widespread adoption of Bitcoin? Let's keep an eye together! 🚀🔮