#Fidelity
đ Bitcoin at $300,000 by 2029? Fidelity points to the Power Law model
Jurrien Timmer, Fidelityâs Director of Global Macro, has stated that Bitcoin has entered a new cyclical bull market. The key confirmation is the successful defense of the $60,000 support level.
đ What do the figures and models say?
âą Power Law Target: A mathematical logarithmic growth model points to a long-term target of $300,000 by 2029.
âą #BTC vs. #GOLD : The Bitcoin-to-gold ratio has turned positive (+6%) after bottoming out. Historically, this has usually signaled the end of the accumulation phase.
âą Technicals: A "higher high" (a new local peak) has formed on the weekly charts, and market positioning has reset.
âł What to watch next?
The market is currently testing key resistance around the $82,500 level. Establishing a position above this level paves the way to the psychological $100,000 mark.
đ Bitcoin at $300,000 by 2029? Fidelity points to the Power Law model
Jurrien Timmer, Fidelityâs Director of Global Macro, has stated that Bitcoin has entered a new cyclical bull market. The key confirmation is the successful defense of the $60,000 support level.
đ What do the figures and models say?
âą Power Law Target: A mathematical logarithmic growth model points to a long-term target of $300,000 by 2029.
âą #BTC vs. #GOLD : The Bitcoin-to-gold ratio has turned positive (+6%) after bottoming out. Historically, this has usually signaled the end of the accumulation phase.
âą Technicals: A "higher high" (a new local peak) has formed on the weekly charts, and market positioning has reset.
âł What to watch next?
The market is currently testing key resistance around the $82,500 level. Establishing a position above this level paves the way to the psychological $100,000 mark.
