Fidelity Digital Assets has published a report suggesting that Bitcoin may be entering a new phase of accelerated growth, challenging the idea that it has reached its peak. The report highlights that this phase is characterized by high volatility and potential for substantial returns, similar to the December 2020 surge when Bitcoin surpassed $20,000. Despite recent year-to-date losses of -11.44% and a significant pullback from its historical high, analyst Zack Wainwright believes that this performance aligns with average retracements observed after such acceleration phases in past cycles. He points out that Bitcoin is still within the acceleration phase but nearing its end, having lasted for 232 days as of March 3rd. Historical data suggests that previous acceleration phases peaked on the 244th, 261st and 280th day, respectively, with each cycle’s duration progressively increasing. This report underscores the possibility of a new upswing in Bitcoin prices if it can break through its prior high again, potentially starting near $110,000 after the election.