TechFlow reports that on February 15, Jurrien Timmer, Fidelity’s Global Macro Director, stated on X that Bitcoin’s recent drop to $60,000 has reached a support zone he predicted months earlier, suggesting the bear market bottom may have formed and a new expansion phase could begin. He noted that as Bitcoin matures, its volatility will gradually decrease; after several months of consolidation, a new bull cycle is expected to commence—potentially reaching new all-time highs.
Timmer included chart analysis indicating a correlation between Bitcoin’s price and global money supply, with $60,000 serving as a technical support level. Another chart titled “Bitcoin’s Path to Maturity” illustrates its historical waves: from early levels of $2 and $24, through the breakout above the $64,000 peak, toward a projected sixth wave in the $290,425 region. This model integrates curves and macroeconomic variables to outline a long-term framework targeting $1 million. He emphasized that if cyclical patterns and adoption trends persist, Bitcoin—after consolidating around $60,000—could advance along this structured path to maturity.
