Odaily Planet Daily News reports that Fidelity Global Macro Director Jurrien Timmer stated that Bitcoin’s current trend is more akin to the S-curve of the internet rather than a power law curve. If Bitcoin enters a consolidation phase within the next year, the power law trend line might approach $65,000 and could become Bitcoin’s critical threshold. However, this may (or may not) happen in the future (or within the next year). Many Bitcoin supporters claim that the four-year cycle has ended, and a new structural upward wave is imminent.
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