Jurrien Timmer, global macro director at Fidelity Investments, said in a post on X that Bitcoin’s price action continues to align with a power-law framework. According to Timmer, the math behind the model suggests that after holding the $60,000 level, Bitcoin has entered a new cyclical bull market. He added that the model’s target points to Bitcoin reaching $300,000 in 2029. The comments were cited by ChainCatcher in a brief market update focused on Timmer’s view of Bitcoin’s long-term trajectory under the power-law model.
ChainCatcher reported that Jurrien Timmer, global macro director at Fidelity Investments, discussed Bitcoin’s price and the power-law model in a post on X.
Timmer said the mathematics of Bitcoin’s power law continues to indicate that, after holding above $60,000, a new cyclical bull market is unfolding, with a target of $300,000 by 2029.
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