Fidelity: $60K to Act as Floor for Bitcoin (BTC)

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Jurrien Timmer, Director of Global Macro at Fidelity Investments, has doubled down on his prediction that Bitcoin has found its cyclical bottom. Timmer recently took to the X social media network to ...

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It tracks the cryptocurrency's natural growth curve through expanding macroeconomic cycles.The chart maps three primary trajectories: a green resistance line representing historical bull market peaks, a dotted blue trendline representing fair value, and an orange support line representing absolute cyclical bottoms.Following the most recent cycle peak of $122,765, the market has corrected sharply downwards. However, according to Timmer's power law model, the current cyclical support band lies between $52,792 and $66,942. Right in the middle of that band sits the $60,000 mark.cardThe lower half of the cracks two distinct oscillators: the percentage deviation of Bitcoin's price from its power law trendline (pink bars) and the 52-week Z-score of the Bitcoin-to-gold ratio (blue bars).Currently, the pink bars indicate that Bitcoin is sitting at a negative 45% deviation from its fair value trendline. Furthermore, the blue Z-score bars have plunged to negative 100%. Based on the cryptocurrency's price performance, a bear market cycle comes to an end when two oscillators reach extreme depths.A \"shallow\" crypto winterIn mid-February 2026, when Bitcoin initially crashed down to the $60,000 zone, Timmer confidently declared that the 4-year bull market cycle had ended, but that the subsequent crypto winter would be surprisingly \"shallow.\"During previos cycles, the asset would suffer catastrophic 80% drawdowns. However, the current floor is significantly higher due to heavy institutionalization that was possible due to the launch of spot ETFs.","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/2619171131","isCrawlerRequest":true}