Fidelity: Bitcoin Approaching the Lower Support Line of the "Power Law Model," Potentially Entering a Historical Accumulation Zone

Jurien Timmer, Global Head of Macro at Fidelity, stated that Bitcoin is approaching the lower support line of its "Power Law Model," which is based on Bitcoin's complete price history. This long-term support level is currently around $58,000, while Bitcoin's current price is approximately $62,700, gradually moving closer to this zone. It may have already entered the "accumulation zone" as defined by the model.

However, Jurien Timmer did not confirm that the market has bottomed out. Instead, he believes that Bitcoin may not experience an immediate rapid rebound, but will likely consolidate near the long-term support line for several months. Short-term capital has already exited, with fund flows rotating from Bitcoin to gold, and then from gold to the semiconductor sector. Currently, the market's pursuit of hotspots remains mainly focused on the semiconductor field.