English < Article List - DigitalToday

Search results for Power law model

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.

Crypto

Bitcoin slips to $59,000 range; long-term model sees entry into \'floor\' zone

Bitcoin slid to $59,000 to mark a new low for the year, but a long-term price model showed it has entered a zone similar to past major bottoms. CoinTelegraph said the move fits within statistical ranges seen at earlier bear-market lows. Derivatives data pointed to $55,000 as the next key support and $65,000 to $68,000 as the main upside focus, while traders watch whether bitcoin can reclaim $60,000.