Fidelity's Timmer Hails Potential $100K Bull Market for Bitcoin

Fidelity's Jurrien Timmer made headlines in January when he predicted that 2026 could be 'bitcoin's year off', citing historical crypto winters typically last around a year. The asset had fallen to $60,033 and then again to $57,742, well below the support band of $65,000 to $75,000 he previously flagged.

Nine months later, Timmer flipped his tone 180 degrees after bitcoin broke above $80K, saying 'I'm sensing that a new 4-year cycle bull market is underway.' He posted a weekly chart with a one-line thesis: 'Bitcoin is looking particularly interesting here as it challenges key resistance at $80k. If it breaks, it will confirm a double bottom targeting $100k.'

The chart labels two troughs at $60,033 and $57,742, with the horizontal line running across the $80,554 level. The all-time high of $126,251 sits at the top left.

A double bottom's textbook target adds the depth of the pattern to the breakout level, projecting to roughly $103,400 from the $57,742 low. Timmer's $100,000 is the conservative version. Bitcoin's price is already testing the line, given it closed the week of Sept. 14 at $81,178 and is trading near $84,000 as of today.