Bitcoin Nears Crucial Power‑Law Support Level Fidelity Has Watched Since 2015

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**Bitcoin Nears Crucial Power‑Law Support Level Fidelity Has Watched Since 2015**
*Bitcoin is approaching the lower boundary of a long‑term power‑law support line that Fidelity’s macro team has monitored since 2015. Jurien Timmer, Director of Global Macro, describes the zone as an accumulation area but warns that a clear catalyst for a rebound is still missing.*

**Introduction**
After a prolonged period of sideways trading, Bitcoin’s price is edging toward the lower edge of a power‑law trend channel that has acted as a historical floor for the cryptocurrency since the mid‑2010s. The level, derived from a logarithmic fit of Bitcoin’s price history, has repeatedly coincided with periods of heightened buying interest. Market participants are watching closely to see whether this technical barrier will hold or give way to further downside.

**Key Developments**
Fidelity’s macro research group, led by Jurien Timmer, updated its internal note this week, noting that Bitcoin’s current price sits just above the 2