Bitcoin Nears Power Law Support Line Fidelity Has Tracked Since 2015
2026-07-12 11:31:06
Bitcoin is drifting toward the lower support line of a power law model Fidelity has tracked since 2015, with the line near $58,000 and BTC around $62,700, according to CoinDesk. Fidelity Director of Global Macro Jurrien Timmer said the model’s lower panel signals an accumulation zone, with bitcoin trading about negative 56% below the power law trendline, similar to the 2018 and 2022 lows. Timmer said he is not calling a bottom yet, citing slowing global money supply growth and a lack of a liquidity catalyst.
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