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Fidelity signals Bitcoin may be entering a new bull phase amid strong ETF inflows and resistance tests.

Market News
23 May 2026
Cointribune
View Source
Bullish
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Fidelity's macro director Jurrien Timmer highlights Bitcoin's unusual behavior near a major resistance zone around $80,500, suggesting it is evolving like in the early stages of a bull market. Despite being overbought, Bitcoin has not corrected sharply, supported by renewed institutional flows into Bitcoin ETFs and a momentum shift from gold to Bitcoin. This signals growing maturity and integration of Bitcoin into traditional finance, potentially altering its historical four-year cycle and leading to a new market dynamic if it sustains above this critical zone.

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