Bitwise News: Jurrien Timmer, Fidelity Investment’s global head of macro, said that Bitcoin may have already reached a critical psychological and mathematical bottom. He believes Bitcoin is currently in an accumulation range, with the current price close to its $60,000 support line. Fidelity’s recent investment return cycle table shows that alternative assets have suffered extremely poor performance, while Bitcoin, spot gold, and long-term treasuries have clustered at the absolute bottom. Historically, when prices reach the top of the corridor, charts are marked as the “distribution zone.” Conversely, when prices compress to the bottom of the corridor, major buying opportunities usually appear. Bitcoin is currently trading at $63,957, just one step away from its long-term support line of $56,488.