Fidelity’s 58k support line has been reached, but Timmer is right—if there’s no catalyst, you’re just propping it up. Waiting for the wind to blow isn’t as good as lying flat first.

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CoinNetwork
CoinWired news: According to market data, the current price of Bitcoin is gradually approaching Fidelity’s Momentum Law support level, around $58,000. This range is related to the lows from previous cycles. However, analyst Jurrien Timmer said there is still a lack of catalysts to drive the price higher.
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