Fidelity: Bitcoin nearing power-law model support at $58,237, lacking bullish catalysts in the macro environment Fidelity's Global Macro Director Jurrien Timmer stated that Bitcoin is approaching the power-law model support line at approximately $58,237, but the current macro environment lacks bullish catalysts, making a trend reversal unclear. Timmer noted that this support line has been effective multiple times in the past: in 2015, when Bitcoin hit $230, the support was $252; in 2018, when it dropped to $3,204, the support was $2,521; and at the 2022 bottom of $16,366, the support was $15,006.