Bitcoin Nears Fidelity Power Law Support

Bitcoin nears Fidelity power law support

Bitcoin is drifting toward Fidelity’s power law support near $58k, a zone tied to past cycle lows, but Jurrien Timmer says a catalyst is still missing.

Bitcoin nears the $58,000 floor that has marked every cycle bottom since 2015

The group's Dir. of Global Macro Jurien Timmer calls it an accumulation zone but notes the lack of a catalyst to bounce yet.

Bitwise Flags Bitcoin's Rising Floor as Macro Forces Reshape Digital Asset Landscape - CryptoGazette

Bitwise says Bitcoin's floor is rising as Farage quits Parliament over crypto gifts, Fed proposes stablecoin KYC rules, Japan reclassifies crypto, and IMF war The post Bitwise Flags Bitcoin’s Rising Floor as Macro Forces Reshape Digital Asset Landscape appeared first on CryptoGazette.

Fidelity's Bitcoin Floor Is Close. The Missing Catalyst Is the Real Problem

Fidelity macro director Jurrien Timmer says Bitcoin has returned to an accumulation zone near a power-law support line around $58,000, but liquidity still offers no clear trigger for a durable turn.