Jurrien Timmer, Director of Global Macro at Fidelity Investments, which manages $7.1 trillion in assets, has unexpectedly revised his cautious outlook in favor of an "emerging bull market" scenario for Bitcoin.
The key point right now is how Bitcoin is breaking classical technical analysis rules. Timmer notes that, under a traditional framework, the current combination - overbought stochastic conditions plus strong trendline resistance - should have acted as a "kiss of death" for the asset, and under normal circumstances this would have led to a decline.
However, Bitcoin is showing abnormal resilience, holding around $79,486.
HOT Stories XRP Wins Weekly ETF Race vs. Bitcoin as $1 Billion Stays Intact, Dogecoin (DOGE) Finally Breaks $0.1 Threshold With 10% Price Jump, Vitalik Buterin Dumps Gifted Asteroid Shiba Coins - Morning Crypto Report ASTEROID Whales Pivot to New Memecoins But Lose All Their Money
The 'Kiss of Death' that never came for Bitcoin
Timmer therefore suggests looking at the situation from a different angle. If, in a bear market, overbought conditions signal an immediate sell, and in a bull market, sustained momentum at high oscillator readings reflects strong market confidence and readiness to move higher, then if Bitcoin cannot be pushed lower under the current technical setup, what we are seeing is not a temporary bounce but the early stage of a bull market, Timmer concludes.
Bitcoin price with stochastics indicator by Jurrien Timmer, Source: Jurrien Timmer's X
The importance of this statement lies in Timmer's reputation as a moderate analyst. His shift from expectations of sideways movement to recognition of a bullish trend coincides with record inflows into Bitcoin ETFs in April 2026 and anticipated regulatory clarity in the United States.
You Might Also Like
Wed, 04/29/2026 - 12:16 XRP Wins Weekly ETF Race vs. Bitcoin as $1 Billion Stays Intact, Dogecoin (DOGE) Finally Breaks $0.1 Threshold With 10% Price Jump, Vitalik Buterin Dumps Gifted Asteroid Shiba Coins - Morning Crypto ReportByGamza Khanzadaev
This change in rhetoric is especially notable given that at the end of 2025 he predicted a "boring 2026" with a possible decline toward support levels at $65,000-$75,000. The current resilience above $77,000 has forced the expert to acknowledge the strength of the developing trend.
Despite the positive outlook, final confirmation of a structural break in the bearish trend requires consolidation above the $80,000–$83,000 zone. At the same time, some long-term models from Fidelity and other market participants are already targeting levels of $200,000 by 2027 and beyond.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
