- Bitcoin may face a critical support test at $65,000, with $45,000 identified as a longer-term power law trendline.
- Jurrien Timmer, director of global macro at Fidelity Investments, published a power-law analysis highlighting those levels in a recent Timmer’s post.
- Timmer said Bitcoin now tracks an internet-style S-curve more closely than the long-term power law.
- David Eng responded on Eng’s post, arguing bear markets will persist and calling Bitcoin a “scarce fixed asset.”
- Eng noted Bitcoin is “compressed below its growth law” and highlighted a spot price around $90,500 as roughly 25% below that law, shown in his tweet image.
Jurrien Timmer, director of global macro at Fidelity Investments, published a power-law analysis this weekend that flags $65,000 as a key battleground for Bitcoin and identifies a secondary support near $45,000. The work argues price has tracked the long-term power law through the bull market and may now test a lower trendline.
Timmer noted the asset is moving closer to an internet-style growth path and away from the strict power law. “It is following the internet S-curve a lot closer now than the power law curve,” he said, and added that “For now, the line in the sand for Bitcoin is $65k (previous high), and below that $45k. The latter is the power law trendline.”
Timmer warned that if Bitcoin consolidates over the next year the power law trendline could converge toward $65,000 and become a decisive support. “That’s still far away but if Bitcoin consolidates for the next year, that trendline could get closer to $65k and could become a do-or-die line in the sand for Bitcoin.”
Responding on social media, David Eng said the view that Bitcoin has escaped bear markets is mistaken. “The idea that Bitcoin has ‘graduated’ into a no-bear-market S-curve price regime misunderstands how prices form,” he wrote, and added that “Bitcoin is a scarce fixed asset inside the financial system, not a standalone S-curve like the internet.”
Eng also described current readings as compressed and argued history favors upward resolution. “Bitcoin isn’t stalling it’s coiling below its long-term growth law, and history says resolution comes by price catching up, not the law giving way,” he wrote, showing a chart with spot near $90,500, about 25% below the long-term law in his tweet image.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- XRP Final Dump Could Set Stage for 2026 Mega Rally Outlook!!
- BNB Chain Foundation Buys Meme Tokens, Signals Support Ahead
- Russians Ask: Can Pensions Be Paid in Cryptocurrency? Now!!!
- BRICS Gold Drive Aims for 65-70% Control of Reserves by 2026
- Buterin: Stablecoin Designers Undervalue Risk, Penalties Now
