Crypto
Timmer Predicts Bitcoin Bull Market Will Reach $300K in 2029
Fidelity Investments' Global Macro Director Jurrien Timmer says Bitcoin's bull market is back and targets $300,000 by 2029. This prediction comes after Bitcoin held its 'power-law math' support level of $60,000.
Timmer's chart showed the price of Bitcoin relative to gold turned positive at 6%, a significant improvement from its -100% bottom. Past cycle bottoms have shown similar recoveries, with troughs of -120%, -118%, and -102%.
Bitcoin is currently trading around $84,000, about 33% below its all-time high of $126,198 reached in 2025. The price has held above the 'line in the sand' of $60,000, which Timmer considers a crucial support level.