Woofun AI reports that Bitcoin is nearing the $58,000 lower boundary of the long-standing power law price model, a level historically marking cycle bottoms since 2015. Current undervaluation metrics relative to the trend line and gold align with levels observed during the 2018 and 2022 market troughs.

Fidelity’s Jurrien Timmer has not declared a bottom, projecting that Bitcoin may trade sideways near this support for several months without a liquidity catalyst. Timmer noted that speculative capital has shifted from Bitcoin to gold and is now moving into semiconductor stocks.