Fidelity Analyst Signals Potential Bitcoin Bottom Amidst Bull Market Correction

Recent price declines in Bitcoin have sparked renewed discussion about the market’s potential turning point. Chris Kuiper, a research executive at Fidelity Digital Assets, has highlighted on-chain data suggesting the possibility of a bull-market correction bottom. He draws comparisons to historical patterns, emphasizing that no single metric offers absolute certainty. 10% below the 200-day moving average (MA) and the 50-day MA’s downward curl are potential indicators of a bullish reversal.