Bitcoin Sees $100,000 Target as Four-Year Cycle Approaches

Fidelity Investments Director of Global Macro Jurrien Timmer recently projected that Bitcoin could reach $100,000 by 2029, following a key chart double bottom pattern formation near $60,000. At the time of his projection, Bitcoin traded near $84,000, consolidating after peaking at $87,500 on September 27. Market data from CoinGecko shows that Bitcoin gained 0.6% over a seven-day period, putting the asset down just 3.8% year-to-date while remaining approximately 33% below its record high of $126,080 set in October 2025.

Timmer's technical model evaluates a power law trend alongside Bitcoin's relative value against gold. A key double bottom pattern formed with lows of $57,742 in late June and $60,033 subsequently. To complete the pattern and push toward $100,000, Bitcoin must maintain support above $80,000 and clear key resistance at $86,000.

ARK Invest Director of Digital Asset Research Lorenzo Valente highlighted that structural shifts, including real-world asset tokenization and regulatory developments, continue to mature the broader cryptocurrency ecosystem alongside the market's traditional four-year cycle. He noted that November may see the four-year cycle, and that the industry has changed a lot with the addition of institutions and regulatory frameworks, including Europe's Markets in Crypto Assets regulation.