Fidelity: Bitcoin May Be in Accumulation Zone
Covered by 3 sources · 3 articles
3 outlets - including Crypto, Coinedition and U - are covering this story. Bitcoin is drifting toward Fidelity’s power law support near $58k, a zone tied to past cycle lows, but Jurrien Timmer says a catalyst is still missing.
All coverage
Bitcoin price nears Fidelity’s power law support: Accumulation zone or missing catalyst?
Bitcoin is drifting toward Fidelity’s power law support near $58k, a zone tied to past cycle lows, but Jurrien Timmer says a catalyst is still missing.
Fidelity Says Bitcoin May Be in Accumulation Zone
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. Wher…
Fidelity: Bitcoin May Be in Accumulation Zone
Jurrien Timmer, director of global macro at Fidelity Investments, believes the leading cryptocurrency has reached a key mathematical floor.