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cryptoJul 12, 2026, 1:00 PM

Bitcoin Nears Power Law Support Line Tracked by Fidelity Since 2015

Bitcoin is approaching a key support level under the Power Law model that Fidelity has monitored since 2015. The current lower boundary is around $58,000, with the upper limit near $120,000.

BTCUSD

Bitcoin is approaching the lower support line of the Power Law model, which Fidelity has tracked since 2015. At current prices, the support boundary is around $58,000, while the model's upper limit stands near $120,000.

Fidelity's Director of Global Macro, Jurrien Timmer, described this area as an accumulation zone. However, he did not confirm that a market bottom has been reached and noted that without a catalyst such as a return of liquidity, Bitcoin's price could remain in a sideways range near the support line for months.

The analysis is based on the Power Law framework, a statistical model used to estimate long-term price trends.

Source: ForkLog