Jurien Timmer: Bitcoin Approaching Power-Law Model Support Zone, May Enter Accumulation Phase

According to CoinDesk, Fidelity's Global Macro Director Jurien Timmer stated that Bitcoin is nearing the lower support line of its long-term power-law price model, with its current position approaching the historical support range of approximately $58,000. The model indicates that Bitcoin's deviation from the trend line has entered an accumulation zone that previously corresponded to the lows of 2018 and 2022. Jurien Timmer pointed out that Bitcoin's speculative premium has largely dissipated, global monetary supply growth is slowing, and the market lacks liquidity catalysts to drive a reversal. Bitcoin is more likely to consolidate near the support line for several months.