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Bitcoin eyes $100K after breaking $80K resistance, signaling a new bull cycle, says Fidelity's Timmer.

Analyst Insights
27 Sep 2026
Bitcoin
View Source
Bullish
Bitcoin eyes $100K after breaking $80K resistance, signaling a new bull cycle, says Fidelity's Timmer.

Fidelity's Jurrien Timmer reversed his cautious stance on Bitcoin for 2026 after the price broke above $80,000, confirming a double bottom pattern with lows around $60,000. This technical setup points to a potential target of $100,000, signaling the start of a new four-year bull market cycle. Despite this optimism, prediction markets show a 39% chance of Bitcoin hitting $100K this year, slightly down from earlier estimates. Meanwhile, U.S. spot Bitcoin ETFs continue to see strong inflows, supporting demand as Bitcoin tests key resistance levels near $84,000.

Following Fidelity's revised outlook on Bitcoin, the cryptocurrency is trading at Rp1.516.164.579 on Pluang as of Sep 27, 2026, 14:41 WIB, showing a modest 0.69% increase in the last day. The market cap stands at Rp30.424,45 trillion with a 24-hour trading volume of Rp268,29 trillion. Pluang users currently favor buying Bitcoin, with 63% of order activity on the platform being buys, and typical holding periods averaging 110 days.

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