{"id":243615,"date":"2024-02-08T12:54:17","date_gmt":"2024-02-08T07:24:17","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-etf-issuer-fidelity-reveals-comprehensive-bitcoin-btc-ethereum-eth-outlook-crypto-news\/"},"modified":"2024-02-08T12:54:20","modified_gmt":"2024-02-08T07:24:20","slug":"bitcoin-etf-issuer-fidelity-reveals-comprehensive-bitcoin-btc-ethereum-eth-outlook-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-etf-issuer-fidelity-reveals-comprehensive-bitcoin-btc-ethereum-eth-outlook-crypto-news\/","title":{"rendered":"Bitcoin ETF Issuer Fidelity Reveals Comprehensive Bitcoin (BTC) &#038; Ethereum (ETH) Outlook &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>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\u00a0Bitcoin ETF (FBTC). The latest inflows to FBTC spot Bitcoin ETF clearly show the impact of the outlook report.<\/p>\n<p>FBTC saw a $130 million inflow on February 7, with a total inflow of $145 million from 10 spot Bitcoin ETFs.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<h2>Fidelity Bitcoin and Ethereum Report<\/h2>\n<p>Fidelity Digital Assets breakdown key market metrics that are impacting Bitcoin (BTC) and Ethereum (ETH) prices and investor sentiment in a 22-page <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fidelitydigitalassets.com\/research-and-insights\/q4-2023-signals-report\">report<\/a>. As per the top cryptocurrencies\u2019 performance until Q4 2023, on-chain metrics, and other signal indicators Bitcoin forecasts for 2024, next five years, and beyond 5 years remain \u2018positive\u2019. However, Ethereum\u2019s mid-term outlook is \u2018neutral\u2019 while short-term outlook is \u2018positive\u2019.<\/p>\n<figure id=\"attachment_179162\" aria-describedby=\"caption-attachment-179162\" style=\"width: 785px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-179162\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/screenshot-www.fidelitydigitalassets.com-2024.02.08-12_15_22.png\" alt=\"Bitcoin and Ethereum\" width=\"785\" height=\"206\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/screenshot-www.fidelitydigitalassets.com-2024.02.08-12_15_22.png 1283w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/screenshot-www.fidelitydigitalassets.com-2024.02.08-12_15_22-300x79.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/screenshot-www.fidelitydigitalassets.com-2024.02.08-12_15_22-1224x322.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/screenshot-www.fidelitydigitalassets.com-2024.02.08-12_15_22-768x202.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/screenshot-www.fidelitydigitalassets.com-2024.02.08-12_15_22-150x39.png 150w\" sizes=\"auto, (max-width: 785px) 100vw, 785px\"\/><\/noscript><figcaption id=\"caption-attachment-179162\" class=\"wp-caption-text\">Source: Fidelity Digital Assets<\/figcaption><\/figure>\n<h3>Bitcoin Prediction Signals<\/h3>\n<p>For short-term Bitcoin prediction, Fidelity used factors such as 200-day moving average, golden cross and death cross, and current price greater than realized price. Moreover, Fidelity\u2019s bullish market prediction for 2024 depends on 3 key factors interest rates, Bitcoin halving, and success of spot Bitcoin ETF.<\/p>\n<p>For the mid-term outlook until 2028, NUPL ratio (neutral), MVRV Z-Score, Reserve risk, Stock-to-flow, Puell Multiple, Hodler net position change, Addresses in profit (negative), and Bitcoin yardstick (neutral) were analyzed. Most metrics are positive for Bitcoin price.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>For long-term (above 5 years), price above 200-week, monthly address metrics, new address momentum, Liquid vs. illiquid supply, balance is more than 0.1 BTC. All conditions are met for positive outlook on it.<\/p>\n<h3>Ethereum Prediction Signals<\/h3>\n<p>Similar 200-day moving average, golden cross and death cross, and current price greater than realized price for short-term ETH price prediction.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>For the mid-term outlook until 2028, Fidelity analyzed NUPL ratio, MVRV Z-Score, percent of addresses in profit (negative), and Pi cycle top indicator (neutral).<\/p>\n<p>Monthly address metrics, new address momentum, Addresses over $1K (neutral), Staking by numbers (neutral), Net issuance and burn rate were the metrics analyzed for long-term ETH price prediction.<\/p>\n<h2>BTC and ETH Price Action<\/h2>\n<p>Fidelity has also noted that Bitcoin\u2019s post-halving price appreciation declining steadily declining in terms of absolute percentages. A growing Bitcoin market cap, frequent trades, and less BTC availability are some key factors reducing the post-halving rally.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/binance\">BTC price<\/a> jumped nearly 5% in the past 24 hours, with the price currently trading at $44,465. The 24-hour low and high are $42,845 and $44,728, respectively. Furthermore, the trading volume has increased by 40% in the last 24 hours, indicating a rise in interest among traders.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>10x Research CEO and analyst Markus Thielen predicted an upcoming <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-price-analyst-who-predicted-38k-drop-says-50000-coming-soon\/\">Bitcoin (BTC) price rally<\/a> as wave 5 begins. He forecasts Bitcoin reclaiming 50,000 level by the end of this quarter.<\/p>\n<p>Meanwhile, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/ethereum\">ETH price<\/a> also climbed 3% in the last 24 hours, with the price now trading at $2417. The 24-hour low and high are $2,353 and $2,442, respectively. Ethereum rising in response to Dencun upgrade and spot Ethereum ETF hype.<\/p>\n<p><strong>Also Read:<\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/bitcoin-etf-issuer-fidelity-reveals-comprehensive-bitcoin-btc-and-ethereum-eth-prediction\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/bitcoin-etf-issuer-fidelity-reveals-comprehensive-bitcoin-btc-and-ethereum-eth-prediction\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA179140\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD179140\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. 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The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/top-7-crypto-trading-platforms-in-february-2024\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-get-started-how-does-crypto-exchange-work.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Top 7 Crypto Trading Platforms in February 2024\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-get-started-how-does-crypto-exchange-work.png 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-get-started-how-does-crypto-exchange-work-225x300.png 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-get-started-how-does-crypto-exchange-work-150x200.png 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">Top 7 Crypto Trading Platforms in February 2024 <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/nft-drop-101-your-complete-guide-to-participation\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-GettyImages-1367699775-53776eb586334d4098127fdc1550988f.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"GettyImages-1367699775-53776eb586334d4098127fdc1550988f\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-GettyImages-1367699775-53776eb586334d4098127fdc1550988f.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-GettyImages-1367699775-53776eb586334d4098127fdc1550988f-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-GettyImages-1367699775-53776eb586334d4098127fdc1550988f-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">NFT Drop 101: Your Complete Guide to Participation <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/10x-potential-top-cryptos-under-1-for-2024\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-IMAGE-2024-01-03-15_05_45.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"IMAGE 2024-01-03 15_05_45\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-IMAGE-2024-01-03-15_05_45.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-IMAGE-2024-01-03-15_05_45-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-IMAGE-2024-01-03-15_05_45-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">10x Potential: Top Cryptos Under $1 for 2024! <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n     \n                              \n          <\/div>\n\n\n    \n          \n \n    \n            \n    <\/div>\n\n        --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u00a0Bitcoin 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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":243616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-243615","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/243615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=243615"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/243615\/revisions"}],"predecessor-version":[{"id":243617,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/243615\/revisions\/243617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/243616"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=243615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=243615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=243615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}