Bitcoin Nears $58,000 'Buy Zone' That Marked Every Bottom Since 2015

Bitcoin is sliding toward a price level that experts say has marked the bottom of every major downturn since 2015. According to Jurrien Timmer, a top researcher at Fidelity (a giant U.S. investment company), the world's biggest cryptocurrency is getting close to an important "floor" price.

Timmer uses a tool called the power law model. Think of it as a long-term map of bitcoin's price history. On a special chart, it draws three lines:

• An upper line (the ceiling, where prices tend to peak)
• A middle line (the average path over time)
• A lower line (the floor, where prices have historically stopped falling)

Right now, that lower "floor" line sits near $58,000, and bitcoin is trading around $62,700 — meaning it's getting close.

Why does this matter? When bitcoin falls to this lower line, it enters what Timmer calls an accumulation zone — a period when long-term buyers often step in to buy at low prices. Here are the key numbers:

• Bitcoin is currently trading about 56% below its long-term trendline — the same depth seen at the market bottoms of 2018 and 2022.
• Compared to gold, bitcoin has also fallen sharply, hitting levels not seen in a long time.

But there's a catch. Timmer is not declaring that the bottom is here. He points out that:

• The excitement that pushed bitcoin above $120,000 last year has mostly faded.
• Global money supply (how much cash is flowing through the economy) is growing more slowly.
• Speculative money (cash chasing quick profits) has moved away from bitcoin — first into gold, and now into semiconductor stocks (chip-making companies like Nvidia).

The bottom line: Timmer expects bitcoin could drift sideways near this support line for months. Without a fresh boost in "liquidity" (more money entering markets), there may be no strong reason for prices to bounce back soon.

This is an AI-generated summary. Read the original article at: https://www.coindesk.com/markets/2026/07/12/bitcoin-is-nearing-a-power-law-support-line-fidelity-has-tracked-since-2015