BULLISH AF
According to Fidelity Investments, the worst may already be behind us for Bitcoin. Jurrien Timmer, Director of Global Macro at Fidelity Investments, believes the sharp drop to $60K likely marked the bottom of this correction phase. In his view, the market has absorbed the selling pressure, and what we’re seeing now is a healthy consolidation period.
After a few months of sideways movement and rebuilding momentum, he expects the foundation to be set for the next major bull cycle. If this outlook plays out, the current range could be remembered as accumulation territory before the next expansion phase begins.
