Bitcoin Approaches Long-Term Support Line, Fidelity Executive Cautions on Calling a Bottom

Approaching the 'Power Low' Support Line

Julian Timmer, who oversees global macro operations at Fidelity Investments, noted on the 3rd on his X account that Bitcoin (BTC) is nearing its long-term 'power low' support line.

The 'power low' is an analytical method that models Bitcoin's price movements on a logarithmic chart, using three lines: the upper resistance line, the median trend line, and the long-term support line. This method captures pivotal moments in long-term price movements...