Bitcoin has surged 45% to $87K from its July low of $57.8K. Fidelity’s Head of Global Macro Jurrien Timmer, who previously accurately predicted the $60K bottom and the end of Bitcoin winter, now projects BTC could reach $300K this cycle. To achieve this, the crypto must first clear the crucial $82K level, which corresponds to the average cost basis of U.S. spot Bitcoin ETFs and would validate a double bottom pattern. If it fails, a decline toward $70K would be possible.
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