Jurrien Timmer, Director of Global Macro at Fidelity Investments, identified the beginning of a Bitcoin bull market after observing how the asset defies traditional technical patterns. According to the expert from the firm managing $7.1 trillion, the pioneer crypto managed to invalidate the dreaded “Kiss of Death,” a technical setup that usually precedes severe drops, demonstrating unexpected resilience above $77,000.
Bitcoin also continues to show resilience as it tests the upper bounds of a potential bear flag. Technical Analysis 101 states that when bear market rallies get overbought (per the stochastics below), it’s usually the kiss of death and time to sell. However, during bull markets… pic.twitter.com/Xn2Xbl5hKD
— Jurrien Timmer (@TimmerFidelity) April 29, 2026
This shift in stance is particularly interesting for the market, as Timmer is known for his previous caution. The breakdown of classical analysis rules suggests that Bitcoin is not experiencing a temporary bounce, but rather a phase of accumulating bullish strength. The context is reinforced by record inflows into Bitcoin ETFs during April 2026 and greater regulatory clarity in the U.S., factors that are shifting liquidity toward the digital ecosystem.
The next step to validate this structural change will be firm consolidation over the $80,000 to $83,000 zone. Investors should monitor these resistance levels, while Fidelity’s long-term models already project targets of 200,000 dollars for 2027.
Source:https://x.com/TimmerFidelity/status/2049481328261828930
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