Bitcoin Approaches $58K Support Level in Power Law Model, Currently Near $62.7K: Fidelity

BTC-2.16%
According to ChainCatcher, Fidelity's global macro chief Jurien Timmer said Bitcoin is approaching a long-term support level of around $58,000 based on its power law model, with BTC currently trading near $62,700. Timmer indicated that Bitcoin may have entered an "accumulation zone" as defined by the model, though he has not confirmed the market has bottomed.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments