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Bitcoin shows classic early bull market signs, challenging key resistance levels, says Fidelity's Jurrien Timmer.

Market News
22 May 2026
UToday
View Source
Bullish
pluang ai news

Fidelity Investments’ Director of Global Macro, Jurrien Timmer, identifies Bitcoin as exhibiting typical early bull market behavior. Bitcoin is currently challenging the critical neckline of a large head-and-shoulders pattern around $80,500, maintaining strength despite being overbought. This resilience suggests a strong bullish momentum. Additionally, Bitcoin is gaining leadership over gold as a preferred safe-haven asset amid recent market shifts. Technical indicators like Bollinger Bands hint at a potential major price move ahead.

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