Bitcoin Bull Market Confirmed: Fidelity's Timmer Targets $300K by 2029

Fidelity's Jurrien Timmer says Bitcoin has entered a new bull market after holding the $60,000 level. According to his long-term model, the cryptocurrency could reach $300,000 by 2029.

Timmer's view combines technical observations about Bitcoin's price behavior with projections generated by his model. He considers Bitcoin's ability to hold the $60,000 level an important part of his latest assessment of the market cycle.

The $300,000 figure represents a longer-range target in Timmer's model, rather than an immediate price forecast. The projection provides a specific time horizon for his analysis, which is 2029.