Bitcoin Price Eyes $100K as Fidelity's Timmer Flips From His 'Year Off' Call

Key Takeaways

• Fidelity’s Jurrien Timmer says a break above $80,000 confirms a bitcoin double bottom aimed at $100,000.
• Bitcoin’s lows of $60,033 and $57,742 in 2026 undercut the $65,000 support Timmer flagged in December.
• Kalshi traders give bitcoin a 39% chance of topping $100,000 in 2026, down from 41% a day earlier.

December 2025: ‘A Year Off’

Timmer, Fidelity’s director of global macro, went into 2026 being extremely cautious, stating the following:

[Bitcoin] may well have ended another 4-year cycle halving phase, both in price and time.”

Days later, he claimed that 2026 could be “bitcoin’s year off”, since crypto winters historically lasted about a year. At the time, he placed support for the asset in the $65,000 to $75,000 range.

The first half of that call aged well, but the support band didn’t as bitcoin fell to $60,000 in early February and to $57,800 in late June, well below the floor he had flagged.

Nine months later, his tone flipped 180 degrees after bitcoin broke $80K, with Timmer adding:

I’m sensing that a new 4-year cycle bull market is underway.”

September 25: The $100K Chart

Late Friday, Timmer posted a weekly chart with a one-line thesis: “Bitcoin is looking particularly interesting here as it challenges key resistance at $80k. If it breaks, it will confirm a double bottom targeting $100k.”