CoinDesk·3 min read·hard
Bitcoin is nearing a power law support line Fidelity has tracked since 2015
S
Shaurya Malwa
✦AI Summary
Bitcoin is approaching a long-term power law support line that has historically marked major price bottoms since 2015. Analysts suggest that while the asset is in an accumulation zone, a lack of market liquidity may prevent a rapid price reversal.
That model is the power law, which plots bitcoin's entire price history on a logarithmic chart bounded by three curves — an upper resistance line, a middle trendline, and a lower support line that has caught every major bottom since 2015.
cryptoeconomybusiness
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