Fidelity Global Macro Director: BTC Drops to $60,000 Support Zone, Possibly the Low Point of This Cycle

Odaily News Fidelity's Global Macro Director, Jurrien Timmer, posted on the X platform stating that BTC fell to $60,000 last week, reaching the support zone he predicted several months ago. At that time, he mentioned that the bull market of another four-year cycle might have ended. For a BTC winter, the drop to $60,000 is relatively shallow, but as this commodity currency matures, its volatility should decrease. It is currently uncertain whether $60,000 is the bottom, but Jurrien Timmer believes this price could be the low point. After several months of consolidation and bottoming, the next cyclical bull market will begin. Based on the mathematical patterns of past cycles, future volatility may ultimately push BTC to new highs.