Fidelity analyst predicts Bitcoin is entering a new cycle, yet year-end performance uncertainty persists

On December 12th, Jurrien Timmer from Fidelity highlighted that market sentiment around Bitcoin has improved significantly after speculation reduced. The supportive Federal Reserve policies and stable foreign markets have provided a much-needed boost for Bitcoin’s outlook.

Despite favorable conditions, Timmer cautioned that treasury companies offering Bitcoin yields could limit price increases and create uncertainty about the cycle’s end. Timmer also noted Bitcoin’s growth trend with five waves, estimating a peak of approximately 151,360 USD during this phase.