Svmuu News: Jurrien Timmer, Head of Global Macro at Fidelity, wrote that Bitcoin’s current trajectory more closely resembles the S-curve of the internet than a power-law curve.If Bitcoin enters a consolidation phase within the next year, the power-law trendline could approach $65,000 and potentially become a make-or-break level for Bitcoin. However, this may (or may not) be something that happens in the future (or within the next year). Many Bitcoin supporters claim that the four-year cycle has ended and a new structural uptrend is imminent.