Fidelity executive questions the "end of bear market" claim: Bitcoin's trend resembles the S-curve of the internet

According to Odaily, Jurrien Timmer, Director of Global Macro at Fidelity, stated that bitcoin's current trend is closer to the S-curve of the internet rather than a power-law curve. If bitcoin enters a consolidation phase in the coming year, the power-law trend line may be closer to $65,000 and could become a life-or-death line for bitcoin. 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 about to begin.