Bitcoin Eyes $100,000 as Fidelity Strategist Reverses Call Following Technical Breakout

Bitcoin traded near $84,647 after breaking above critical $80,000 resistance, activating a technical double-bottom pattern targeting $100,000 to $103,400, according to Fidelity Director of Global Macro Jurrien Timmer. Timmer reversed his late-2025 forecast of a consolidation year, pointing to support above cycle lows of $60,033 and $57,742 that validates a long-term trajectory toward $300,000 by 2029. Institutional momentum continues to support the move, with U.S. spot Bitcoin ETFs securing seven straight days of inflows and CFTC data showing speculative futures accounts expanding record net-long positions.