Fidelity Analyst: Bitcoin May Enter a New Cycle, Year-End Performance Still Uncertain

BTC-1,78%

PANews December 12 News, Fidelity Global Macro Chief Jurrien Timmer posted on X platform that after excessive speculation in the crypto market has subsided and market sentiment has improved, the Bitcoin outlook for 2025 remains quite optimistic amid the Federal Reserve’s easing policies and calm bond and foreign exchange markets. Previously, Bitcoin Treasury used stock issuance to buy Bitcoin to generate “returns,” which may now become a resistance to Bitcoin’s rise and also raise questions about whether another four-year cycle has already ended.

However, by observing the curve structure of Bitcoin’s mature network, it can be seen that since 2010, Bitcoin has experienced five wave upward movements. Each wave’s increase is smaller than the previous one, but the duration has become longer. From the performance in the recent bull market (which started around $16,000 in 2022), it is clear that Bitcoin has become very mature. According to the five-wave upward trend chart shared by Jurrien Timmer, the peak price in the fifth wave might be $151,360.

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