Fidelity Macro Strategist Says Bitcoin Has Drawn a Major Line in the Sand at $40,000 – Here’s What It Means

Fidelity Macro Strategist Says Bitcoin Has Drawn a Major Line in the Sand at $40,000 – Here’s What It Means


Jurrien Timmer, a macro strategist at financial giant Fidelity, says that Bitcoin (BTC) may have found a new level of support that’s 33% higher than previously believed.

In a thread to his 80,000 Twitter followers, Timmer says that a little-known metric called “dormancy flow” might be the key to pegging Bitcoin’s bottom at $40,000.

“A few days ago I made the case that 40k could be the new 30k for Bitcoin, based on the rising intrinsic value from my S-curve model.

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I just came across an indicator that further suggests this: Dormancy flow. It has reached the kind of oversold levels seen at past bottoms.”

Timmer provides a chart that tracks data since Bitcoin’s 2011 inception in which the price of BTC ranges within the

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