7/24 FINANCE
TREN
BIST10014.321,19▼ 0.00%Diyarbakır Forest Fire: Environmental and Economic Risks LoomUSD/TRY47.1453▲ 0.20%Zelenski's Government Change Puts Markets on EdgeEUR/TRY53.6612▲ 0.30%Brené Brown Warns: US Workforce Not Neurologically Wired for This Rapid Change and InstabilityBTC/USD$64,049.99▼ -0.17%U.S. $30 Billion Education Shift: Gen Z's Cognitive Decline Sparks DebateGOLD6.231,67▲ 0.15%Engineering Graduates' High Earnings Potential: Fed's 80% StatisticBRENT$76.01▼ 0.00%Syria's National Assembly Holds First Session After Assad's FallToronto Blue Jays Secure 'Ernie Clement Clone' After Bo Bichette's DepartureBIST10014.321,19▼ 0.00%Diyarbakır Forest Fire: Environmental and Economic Risks LoomUSD/TRY47.1453▲ 0.20%Zelenski's Government Change Puts Markets on EdgeEUR/TRY53.6612▲ 0.30%Brené Brown Warns: US Workforce Not Neurologically Wired for This Rapid Change and InstabilityBTC/USD$64,049.99▼ -0.17%U.S. $30 Billion Education Shift: Gen Z's Cognitive Decline Sparks DebateGOLD6.231,67▲ 0.15%Engineering Graduates' High Earnings Potential: Fed's 80% StatisticBRENT$76.01▼ 0.00%Syria's National Assembly Holds First Session After Assad's FallToronto Blue Jays Secure 'Ernie Clement Clone' After Bo Bichette's Departure
Crypto

Bitcoin Nears Power Law Support Line Tracked by Fidelity Since 2015

724FinanceEmre Can
Bitcoin Nears Power Law Support Line Tracked by Fidelity Since 2015

Bitcoin is approaching the power law support line tracked by Fidelity since 2015. Director of Global Macro Jurien Timmer calls it an accumulation zone but notes the lack of a catalyst to bounce yet.

The Power Law Theory in Crypto Markets

  • ■Power law suggests Bitcoin's price movements align with long-term stability lines.
  • ■Fidelity's 9-year dataset indicates a 12.5% return since 2015.
  • ■BTC/USD technical indicators point to a potential recovery process specific to 2024.

    • Fidelity's Long-Term Tracking Perspective

  • ■Fidelity Digital Assets analysts note tightening liquidity in late 2023 but strong fundamentals.
  • ■The power law line has been validated post-2018-2020 dips and retested after the 2021 peak.
  • ■Timmer suggests a short-term pullback between $65,000-$68,000 is possible.
    • Emre Can's Note: Power law offers a structural view beyond classical technical analysis. Fidelity's focus on this level signals institutional investors maintaining long-term BTC positions. However, uncertainty in the Fed's monetary policy in 2024 could create a critical period for testing this formation.
    Emre Can

    Financial Analyst: Emre Can

    DeFi ve Web3 Ekosistemi Analisti. Akıllı kontrat platformlarındaki TVL (Total Value Locked) değişimlerini, likidite havuzlarını ve katman-2 (Layer-2) ölçeklendirme çözümlerini kod seviyesinde okuyan uzman.

    Disclaimer: The investment information, comments, and recommendations contained herein are not within the scope of investment advisory. Investment advisory services are provided individually by authorized institutions, taking into account the risk and return preferences of individuals. The comments and recommendations contained herein are general in nature. These recommendations may not be suitable for your financial situation and your risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results that meet your expectations.

    © 2026 724Finance - All Rights Reserved.Original Source: CoinDesk