Fidelity Indicates That a Crypto Dip Level May Have Been Seen

Fidelity, one of the world's largest retirement and fund companies with spot ETF products in Bitcoin and Ether, stated that the recent rises in cryptocurrencies indicate a significant change, but it has not confirmed that the bear season has definitively ended. The analysts' report noted that the sharp rise in Bitcoin at the end of August also attracted capital into other major cryptocurrencies like Ether and Solana. It was expressed that while the August rally does not prove that a new bull market has begun, the likelihood of a dip level having been seen is high. As uncertainty remains regarding whether a decline will be expected towards the end of the year, it was emphasized that the four-year Bitcoin cycle should be monitored. There are expectations that the last dip level may occur in November or December, with some investors anticipating that Bitcoin will drop again in the coming months to create a new low. Additionally, it was assessed as a positive indicator that negative news has not been able to lower prices as much as before, suggesting that the market is close to dip levels.

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