Fidelity Global Macro Head: BTC falls to the $60,000 support zone, possibly marking the low point of this cycle.

Jurrien Timmer, Global Head of Macro at Fidelity, wrote on the X platform that BTC fell to $60,000 last week, falling within the support range he predicted months ago, when he stated that another four-year bull market cycle might have ended. For a BTC winter, the drop to $60,000 is relatively shallow, but as the commodity currency matures, its volatility should decrease. It's currently impossible to determine whether $60,000 is the bottom, but Jurrien Timmer believes this price may be a low point, and after months of consolidation, the next cyclical bull market will begin. Based on the mathematical patterns of past cycles, future volatility may eventually push BTC to new highs.