Known for its long-term analysis in cryptocurrency markets, Fidelity has shared significant data for the leading cryptocurrency. The company’s global macro director, Jurrien Timmer, stated that the Bitcoin (BTC) price has retreated toward the lower boundary of the “power law” model it has followed for years. This model guides investors by tracking the asset’s entire price history on a logarithmic chart using three different curves: resistance, mid-trend, and support.

According to Timmer’s current analysis, the lower support line, which has successfully captured all major bear market bottoms since 2015, is currently at the $58,000 level. Bitcoin is trading at approximately $62,700, drawing quite close to this critical zone. The analyst emphasizes that the price has dipped 56% below the main trend line, and this depth creates an “accumulation zone” similar to the 2018 and 2022 bottoms of the past.

Accumulation Zone for Bitcoin and Liquidity Expectations

While current data points to an accumulation period, Timmer states that a definitive bottom has not yet been confirmed. Noting that the speculative interest that drove the price up last year has largely faded, the expert mentioned that the slowdown in global money supply is pressuring the market. Arguing that an increase in liquidity is essential to trigger a strong market reversal, Timmer predicts that the price could remain sideways for months rather than bouncing immediately at this support level.

Evaluating investor rotation, the analyst noted that hot money in the market has shifted from Bitcoin to gold, and from there to the tech-focused semiconductor sector. The fact that the Bitcoin-to-gold ratio has experienced a significant decline in the last year indicates an increasing search for safe havens. These data shared by Fidelity prove that Bitcoin (BTC) has entered a period requiring patience and that the $58,000 level serves as a vital stronghold.

Fidelity Reveals Bitcoin Data That Has Never Been Wrong Since 2015: Critical Threshold Is Approaching isimli makale Fatih TAŞDEMİR tarafından hazırlanmış ve koinbulteni.comda yayınlanmıştır.