[Fidelity Analyst: Crypto Bear Market Bottom May Have Formed, Poised to Begin a New Expansion Cycle] (Reported by Bitcoin.com) Fidelity's Global Macro Director Jurrien Timmer stated on the X platform that Bitcoin recently dropped to $60,000, touching the support zone predicted months ago. The bear market bottom may have formed, paving the way for a new expansion cycle. He noted that the drop to $60,000 is relatively shallow, and as Bitcoin matures, its volatility will gradually decrease. After months of consolidation, a new bull market cycle is expected to begin, potentially reaching new highs. Timmer included chart analyses, indicating that Bitcoin's price is correlated with 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 the early days at $2 and $24, to breaking the $64,000 high, and pointing to the predicted sixth wave region at $290,425. This model integrates adoption curves and macro variables, outlining a long-term framework toward $1 million. He emphasized that if cyclical patterns and adoption trends continue, Bitcoin is likely to progress along a structured maturity path after consolidating at $60,000.