Jurrien Timmer, director of global macro at Fidelity Investments, forecasts that Bitcoin will reach $300,000 by 2029 based on the Power Law mathematical model. The critical support level at $60,000 has been successfully defended, forming a classic double bottom between $57,742 and $60,033 after a correction of more than 50% from the all-time high of $126,251 reached in 2025. The immediate resistance stands between $82,000 and $86,000, and a decisive breakout above $82,500 would trigger a technical move toward the psychological $100,000 mark. The model uses logarithmic linear progression and a 52-week Z-score of the Bitcoin-to-gold ratio, showing that current fluctuations follow regular cycles rather than random noise.
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