The leading digital asset has once again come into the spotlight for analysts: Bitcoin has approached the critical lower boundary of the Power Law model, which Fidelity has been using since 2015 to assess long-term trends. At current levels, this support line is around $58,000, while the upper boundary of the model indicates potential near $120,000.
From a macroeconomic analysis perspective, this area represents a classic accumulation zone. Jurrien Timmer, Director of Global Macro, emphasizes that the current situation does not guarantee reaching a market bottom. Without a significant catalyst—such as a return of liquidity to the market—Bitcoin's price could remain stuck in a sideways movement near this support line for several months.
In my view, such price behavior near the long-term Power Law model is not a signal to panic, but rather a reminder of the cyclical nature of the crypto market. Historically, such accumulation zones have preceded major rallies, but only under conditions of macroeconomic stability and capital inflows. For now, investors should closely monitor liquidity and global money flows—these will be the trigger for the next move.