Bitcoin Price Prediction: Fidelity’s Timmer Calls $60K Cycle Bottom As BTC Holds $68,795
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Bitcoin remains stable above $68,000, with Fidelity's Jurrien Timmer identifying $60,000 as the cycle bottom and predicting new highs after consolidation. Open interest is up 2.09% to $45.36B, indicating traders are rebuilding positions despite a 12.47% drop in volume. Spot inflows of $12.90M on February 14 reflect renewed demand in the $68,000-$70,000 range.
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- Bitcoin holds above $68,000 as Fidelity’s Jurrien Timmer calls $60K the four-year cycle bottom, predicting new highs after consolidation.
- Open interest rises 2.09% to $45.36B despite volume dropping 12.47%, showing traders rebuilding positions after recent volatility.
- Spot inflows of $12.90M on February 14 signal renewed demand as price attempts to stabilize in the $68,000-$70,000 range.
Bitcoin price today trades near $68,795, down slightly in the past 24 hours after testing the $69,400 resistance zone. The move comes as Fidelity’s director of global macro Jurrien Timmer called Bitcoin’s $60,000 low the cycle bottom, predicting a new bull market will begin after a consolidation period.
Fidelity’s Timmer Calls $60K The Cycle Bottom
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