Crypto
Fidelity says bitcoin bottom signal nears accumulation zone
Fidelity Investments’ global macro director Julien Timmer said bitcoin may have reached a psychological and mathematical bottom as it nears a long-term support line. He wrote on X that bitcoin could be in an accumulation phase and is moving closer to the power law support line around $60,000. Fidelity’s model views moves near the lower band as a key buying opportunity and uses indicators including price deviation and a bitcoin-gold ratio Z-score.
