TechFlow news, December 12 — Fidelity's Global Macro Director Jurrien Timmer's latest analysis shows that Bitcoin has broken below its uptrend line, potentially signaling the end of another four-year cycle. Data indicates that the magnitude of Bitcoin's rallies has gradually decreased while their duration has extended, suggesting its network is maturing. Although Bitcoin has underperformed this year, the broader market is ending the year on a positive note, supported by strong earnings momentum, improved investor sentiment, accommodative Federal Reserve policies, and stable bond and money markets.
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