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Bitcoin approaches $60k power law support, Jurrien Timmer notes

Bitcoin approaches $60k power law support, Jurrien Timmer notes
Bitcoin nears $60k accumulation zone

Jurrien Timmer suggests that Bitcoin could be entering an accumulation zone. He points out that at $60,000, Bitcoin is moving closer to its power law support line.

Timmer previously reported that both gold and Bitcoin saw steep declines in value after last Friday’s liquidations affected multiple markets. He has also noted that semiconductors and Mag7 stocks continue to trade at reasonable valuations with strong earnings growth. His recent observations on Bitcoin’s position come amid these ongoing market developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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