Fidelity Executive Questions "End of Bear Market" Theory: Bitcoin's Trend More Resembles Internet's S-Curve

Odaily News Fidelity's Global Macro Director, Jurrien Timmer, stated in a post that Bitcoin's current trend more closely resembles the S-curve of the internet rather than a power-law curve. If Bitcoin enters a consolidation phase within the next year, the power-law trendline might approach $65,000, potentially becoming Bitcoin's make-or-break line. However, this might (or might not) be something that happens in the future (or within the next year). Many Bitcoin supporters claim that the four-year cycle has ended and a new structural upward wave is imminent.