Fidelity Says Bitcoin May Be in Accumulation Zone 

• Fidelity’s Jurrien Timmer says Bitcoin may already be in an accumulation zone now.
• Bitcoin power law support line sits at $56,488, below the current $62,685 price.
• Fidelity flags a possible final Bitcoin drop below $57,000 before full recovery.

Bitcoin is sitting at what Fidelity’s director of global macro, Jurrien Timmer, describes as a potentially important support level, with the power law trendline model pointing to a possible final pullback before any sustained recovery.

Where Bitcoin Stands Right Now

At around $62,685, Bitcoin is approaching its power law support line, a long-term mathematical model that traces the lower boundary of Bitcoin’s historical price behaviour across multiple cycles. Timmer said on X that at $60,000, Bitcoin gets ever closer to that support line, and that in his view, the asset may already be in an accumulation zone.

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