Fidelity Global Macro Director: Bitcoin May Bottom at $60,000 and Progress Along a Mature Path Toward New Highs

Deep Tide TechFlow News, February 15 — Fidelity Global Macro Director Jurrien Timmer stated on X platform that Bitcoin recently dropped to $60,000, touching the support area predicted months ago. The bear market bottom may have been formed, and a new expansion cycle is expected to begin. He pointed out that as Bitcoin matures, volatility will gradually decrease, and after several months of consolidation, a new bull market cycle is likely to start, potentially reaching new highs.

Timmer’s attached chart analysis indicates that Bitcoin’s price is correlated with global money supply, with $60,000 serving as a technical support level. Another chart titled “The Path to Bitcoin Maturity” depicts its historical waves: from early $2 and $24 to breaking through the $64,000 high, and points to a forecasted sixth wave region at $290,425. This model integrates curves and macro variables to outline a long-term framework moving toward $1 million. He emphasizes that if cycle patterns and trend continuation are adopted, Bitcoin could follow a structured maturation path after consolidating around $60,000.