Bitcoin Hits a 'Kiss of Death', But Fidelity's Director Timmer Says It's a Bull Market Signal This Time

Fidelity Global Macro director Jurrien Timmer has revised his view on Bitcoin, calling the recent price action—where BTC has held near $79,486 despite overbought stochastics and trendline resistance—an early sign of an emerging bull market rather than a failed 'kiss of death.' Timmer's shift from a cautious, sideways outlook to a bullish one coincides with record inflows into Bitcoin ETFs in April 2026 and improving U.S. regulatory clarity. He notes final confirmation would require consolidation above $80,000–$83,000, while some long-term models target roughly $200,000 by 2027.