Fidelity Analyst Says Bitcoin May Stabilize at $110K Amid Acceleration Phase
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April 3, 2025 4:52 PM
In Brief:
Fidelity's Zack Wainwright sees BTC mirroring past bull cycle behavior from 2013 and 2017.
Analyst predicts a potential base price of $110,000 if a second rebound confirms.
Zack Wainwright, digital asset research analyst at Fidelity, believes Bitcoin may be entering an acceleration phase similar to previous breakout periods in 2013 and 2017. In a recent comment via Bitcoin.com, Wainwright highlighted Bitcoin’s post-election rally of 56%, pointing to historical patterns that preceded parabolic moves.
He added that if BTC sustains momentum into a second wave, a base price around $110,000 could emerge, with peak activity expected in the coming months. This projection reflects increasing institutional participation and shifting macroeconomic conditions that favor digital assets.
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