#Fidelity
š Bitcoin at $300,000 by 2029? Fidelity points to the Power Law model
Jurrien Timmer, Fidelityās Director of Global Macro, has stated that Bitcoin has entered a new cyclical bull market. The key confirmation is the successful defense of the $60,000 support level.
š What do the figures and models say?
ā¢ Power Law Target: A mathematical logarithmic growth model points to a long-term target of $300,000 by 2029.
ā¢ #BTC vs. #GOLD : The Bitcoin-to-gold ratio has turned positive (+6%) after bottoming out. Historically, this has usually signaled the end of the accumulation phase.
ā¢ Technicals: A "higher high" (a new local peak) has formed on the weekly charts, and market positioning has reset.
ā³ What to watch next?
The market is currently testing key resistance around the $82,500 level. Establishing a position above this level paves the way to the psychological $100,000 mark.
š Bitcoin at $300,000 by 2029? Fidelity points to the Power Law model
Jurrien Timmer, Fidelityās Director of Global Macro, has stated that Bitcoin has entered a new cyclical bull market. The key confirmation is the successful defense of the $60,000 support level.
š What do the figures and models say?
ā¢ Power Law Target: A mathematical logarithmic growth model points to a long-term target of $300,000 by 2029.
ā¢ #BTC vs. #GOLD : The Bitcoin-to-gold ratio has turned positive (+6%) after bottoming out. Historically, this has usually signaled the end of the accumulation phase.
ā¢ Technicals: A "higher high" (a new local peak) has formed on the weekly charts, and market positioning has reset.
ā³ What to watch next?
The market is currently testing key resistance around the $82,500 level. Establishing a position above this level paves the way to the psychological $100,000 mark.