Fidelity Sees Bitcoin Approaching Long-Term Power Law Support Level

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Bitcoin is approaching a key power law support line that Fidelity has been tracking since 2015. Fidelity's Director of Global Macro, Jurien Timmer, identified this zone as a potential accumulation area for investors. Despite the significance of this technical level, Timmer noted that no clear catalyst has yet emerged to trigger a price recovery. The observation suggests Bitcoin may be in a consolidation phase rather than positioned for an immediate rebound.

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