Fidelity Investments' Global Macro Director Jurrien Timmer stated that Bitcoin has held the lower bound of its power-law curve, and the duration of this adjustment has been sufficient to meet the time conditions of a mild four-year cycle 'winter.' The chart he shared shows Bitcoin's recent low at around $59,572, close to the power-law support line of approximately $58,237 during the same period. Timmer previously identified the $60,000 range as a key area where Bitcoin might form a cycle bottom. It’s worth noting that the power-law curve is part of his long-term valuation model and not a definitive price prediction. https://(wublock123.com)/news/fidelity-macro-chief-bitcoin-holds-power-law-floor-67436