The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Bitcoin price is currently drifting toward Fidelity's power law support zone near $58,000. Fidelity's Jurrien Timmer noted that a bullish catalyst is still missing despite the asset reaching historical accumulation zones. Additionally, reports show that 40% of long-term Bitcoin supply is currently held at a loss, a metric that has historically signaled a market cycle bottom.