Fidelity Digital Assets highlights a historic decline in Bitcoin balances on exchanges, reaching a five-year low of 2.6 million BTC due to significant institutional accumulation. With public companies acquiring large amounts and custodial cold storage on the rise, liquidity is tightening, creating a supply shock. Coupled with Bitcoin’s key technical resistance near $94,750, this sets the stage for a potential bullish breakout. Fidelity’s data-driven insights suggest that a surge towards $200,000 BTC may be on the horizon, supported by growing corporate interest and long-term holding strategies.
Continue to read Fidelity Sparks Bitcoin Price Surge Prediction: Could BTC Reach $200,000 Soon?
Fidelity Digital Assets highlights a historic decline in Bitcoin balances on exchanges, reaching a five-year low of 2.6 million BTC due to significant institutional accumulation. With public companies acquiring large amounts and custodial cold storage on the rise, liquidity is tightening, creating a supply shock. Coupled with Bitcoin’s key technical resistance near $94,750, this sets the stage for a potential bullish breakout. Fidelity’s data-driven insights suggest that a surge towards $200,000 BTC may be on the horizon, supported by growing corporate interest and long-term holding strategies.
Continue to read Fidelity Sparks Bitcoin Price Surge Prediction: Could BTC Reach $200,000 Soon?
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