Fidelity Investments: Bitcoin testing long-term support—are bullish divergences signaling a potential base being formed?
Fidelity Investments’ chief macroeconomic officer, Jurrien Timmer, analyzes Bitcoin’s price action and believes it is finding support in the $65k to $70k range, showing strong technical signals. Bitcoin is currently at relatively low levels versus the power-law support line and the Golden Ratio Z-score, which could be setting up a bullish divergence. If it can hold steady, the market may correct and rebound, but investors need to watch out for inflation and liquidity risks.
BTC-0,36%
ChainNewsAbmedia·04-04 02:44


