Fidelity’s Jurrien Timmer called Bitcoin’s (CRYPTO: BTC) $60,000 low the cycle bottom, predicting a new bull market will begin after “a few months of backing and filling” as BTC trades around $67,589.

The Bottom Call

Timmer, Fidelity’s director of global macro, said Bitcoin’s drop to $60,000 last week fulfilled the support zone he predicted months ago when he wrote the four-year cycle bull market had ended.

“It’s anyone’s guess whether $60,000 is the low, but my guess is that it is, and that after a few months of backing and filling the next cyclical bull market will get underway,” Timmer wrote on X.

He pointed to pattern recognition as the basis for optimism. “Based …

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