Fidelity Sees 'Hopeful Sign' in Bitcoin Price Performance

utoday02-20

Jurrien Timmer, Fidelity Investments' director of global macro, has identified a critical silver lining in Bitcoin's recent price action. A technical pattern shows that the worst of the sell-off may ...

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Gold reigns supreme at the top while Bitcoin remains anchored at the bottom.\"Gold continues to exhibit very resilient behavior, recovering quickly from corrections,\" Timmer noted. \"This is what super-bull markets are made of.\"A \"hopeful sign\" Still, there is a sign of hope. Bitcoin managed to carve out a \"higher low\" on Friday, holding strong at the $65,000 support zone.Crucially, this occurred while more speculative equities were making lower lows. This divergence, according to Timmer, shows underlying strength and seller exhaustion on the crypto side.\"That’s a hopeful sign, especially after reaching the $65k support zone,\" Timmer explained.Bitcoin is currently changing hands at around $67,778, up 1.0% over the last 24 hours.The next bull cycle Following Bitcoin's peak near $125,000 in October 2025, Timmer predicted that the four-year cycle bull market had ended.As reported by U.Today, Timmer predicted that Bitcoin's plunge to $60,000 could be the bottom of the correction. \"A decline to 'only' $60k would be relatively shallow for a Bitcoin winter, but as the commodity currency matures, its ups and downs should become less dramatic,\" he observed.The Fidelity director views the current market as a necessary period of \"backing and filling.\"","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2612261053","isCrawlerRequest":true}