Bitcoin may have already formed a cyclical bottom near the $60,000 level, according to Jurrien Timmer, who recently reiterated his outlook on the market. The macro strategist at Fidelity Investments said the price level continues to act as a key support zone for the digital asset as the market searches for stability following the latest correction.
Timmer shared his latest analysis on the social media platform X, stating that he still views the $60,000 range as a significant line of defense for Bitcoin. According to his assessment, the price could temporarily fall below that level, but structural indicators suggest that the area should function as a long-term floor for the current cycle.
According to Timmer’s calculations, the current cyclical support zone ranges between roughly $52,792 and $66,942, placing the $60,000 level near the center of that band. This positioning reinforces the argument that the market may already be testing its structural floor for the current cycle.
Two additional oscillators support the analysis. One tracks the percentage deviation of Bitcoin’s price from its power law trendline, while another measures the 52-week Z-score of the Gold to Bitcoin ratio. Current readings show Bitcoin trading roughly 45% below its fair value trendline, while the Z-score indicator has dropped to around negative 100%, levels historically associated with the late stages of bear market conditions.
Timmer previously suggested in February 2026 that the four-year bull cycle had likely ended when Bitcoin first revisited the $60,000 range. However, he also argued that the following downturn could prove to be a relatively mild “crypto winter” compared with previous cycles.
Source: Commentary and chart analysis shared by Jurrien Timmer of Fidelity Investments on X.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are highly volatile, and price projections or models do not guarantee future performance.
