$BTC Bitcoin may be entering a new bull market,
according to Fidelity's Jurrien Timmer.
He says $BTC held the $60,000 support
zone for almost a year, roughly matching
the length of a typical Bitcoin winter.
With Bitcoin now breaking higher, Timmer
says a new four-year cycle could be
underway. He also pointed to the BTClgold
Z-score turning positive after spending an
extended period below zero.
Timmer's longer-term model also puts a
potential path toward $300,000 by 2029,
based ona slower projected growth rate of
around 60 to 65% annually.
That figure comes from his power-law
framework and is a model-based scenario,
not a guaranteed price target.
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