PANews February 15 News, according to Bitcoin.com, Fidelity Global Macro Director Jurrien Timmer stated on the X platform that Bitcoin recently dropped to $60,000, reaching the support area predicted months ago. The bear market bottom may have been formed, and a new round of expansion could begin. He pointed out that the dip to $60,000 is relatively shallow, and as Bitcoin matures, volatility will gradually decrease. It is expected that after several months of consolidation, a new cycle bull market will start, potentially reaching new highs.
Timmer’s attached chart analysis indicates that Bitcoin’s price is correlated with global money supply, with $60,000 serving as a technical support level. Another chart titled “The Path to Bitcoin Maturity” depicts its historical waves: from early $2 and $24 to breaking through the $64,000 high, and points to a forecasted sixth wave region at $290,425. This model integrates curves and macro variables to outline a long-term framework moving toward $1 million. He emphasizes that if cycle patterns and trend continuation are adopted, Bitcoin is expected to move along a structured maturation path after consolidating around $60,000.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Takes Step Towards Quantum Fix as Experts Diverge on Urgency of Threat
In brief
Developers merge BIP 360 into the Bitcoin's GitHub improvement repository, advancing a post-quantum framework.
Caltech President Thomas Rosenbaum said fault-tolerant quantum systems could arrive within five to seven years.
Other researchers and NIST guidance suggest
Decrypt2m ago
After an 11% Difficulty Cut, Bitcoin Is Poised for Aggressive Recalibration
While bitcoin just posted its steepest difficulty decline since China’s 2021 mining purge, the network has already found its footing, and the next adjustment cycle is shaping up to be a sizable one, with roughly 34% of blocks still left to be mined before the epoch closes.
Bitcoin’s Upcoming
Coinpedia45m ago
Opinion: Bitcoin has entered an undervalued zone and will experience months of sideways consolidation.
BlockBeats News, February 15 — According to CryptoQuant analyst Darkfost's analysis based on the 4-year simple moving average (SMA) indicator for Bitcoin, the BTC price has now returned to the green (undervalued) zone and is approaching its 4-year moving average, currently around $57,500.
Historically, this level typically marks the final stage of each bear market, with Bitcoin trading near this level for several months.
GateNewsBot48m ago
$213 million in total contract liquidations across the entire network in the past 24 hours, with both longs and shorts liquidated.
PANews February 15 News, CoinAnk data shows that in the past 24 hours, the total liquidations in the cryptocurrency market reached $213 million, including $119 million in long positions and $94.19 million in short positions. The total liquidation amount for BTC was $54.16 million, and for ETH it was $43.62 million.
GateNewsBot52m ago
CSWAP Launches Bitcoin Staking on Testnet 4
_CSWAP debuts native Bitcoin staking protocol on Bitcoin Testnet 4. No custodians, no wrapped BTC. One-to-one UTXO mapping to Cardano preprod launches tomorrow._
CSWAP rolled out its native Bitcoin staking protocol this week on Bitcoin Testnet 4. The protocol cuts out custodians completely. No w
LiveBTCNews1h ago
BlackRock Digital Asset Head: Leverage-driven volatility is threatening the Bitcoin narrative
BlackRock Digital Asset Chief Robert Mitchnick pointed out that leveraged speculation on crypto derivatives platforms has intensified Bitcoin market volatility, potentially affecting its long-term positioning as a hedge. He emphasized that Bitcoin's fundamentals remain solid, but short-term trading behavior is trending towards a "leveraged Nasdaq," raising the investment threshold for conservative institutions. At the same time, he refuted the view that spot ETFs are causing market volatility.
GateNewsBot2h ago
