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Fidelity says bitcoin holds $60,000 support, could hit $300,000 in 2029

Bitcoin could reach $300,000 by 2029, according to a forecast. Jurrien Timmer, director of global macro at Fidelity Investments, sees bitcoin finishing a localized weak phase and preparing for a long-term upswing. He highlighted $60,000 as a key support level and pointed to a double-bottom pattern around $57,742 to $60,033. Analysts also cite resistance around $82,000 to $86,000, with $82,500 as a breakout point toward $100,000, while warning of volatility.