Fidelity Digital Assets releases a comprehensive short-term and long-term outlook report for Bitcoin (BTC) and Ethereum (ETH), giving investors further confidence to pour money into their Fidelity Wise Origin Bitcoin ETF (FBTC). The latest inflows to FBTC spot Bitcoin ETF clearly show the impact of the outlook report.
FBTC saw a $130 million inflow on February 7, with a total inflow of $145 million from 10 spot Bitcoin ETFs.
Fidelity Bitcoin and Ethereum Report
Fidelity Digital Assets breakdown key market metrics that are impacting Bitcoin (BTC) and Ethereum (ETH) prices and investor sentiment in a 22-page report. As per the top cryptocurrencies’ performance until Q4 2023, on-chain metrics, and other signal indicators Bitcoin forecasts for 2024, next five years, and beyond 5 years remain ‘positive’. However, Ethereum’s mid-term outlook is ‘neutral’ while short-term outlook is ‘positive’.
Source: Fidelity Digital Assets
Bitcoin Prediction Signals
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