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Bitcoin could reach $300K by 2029, signaling a new bull market after holding above $60K for a year.

Market News
26 Sep 2026
Crypto Briefing
View Source
Bullish
Bitcoin could reach $300K by 2029, signaling a new bull market after holding above $60K for a year.

Jurrien Timmer, Fidelity's Global Macro Director, forecasts Bitcoin to hit $300,000 by 2029 based on a power-law model and a positive BTC/gold ratio signal, indicating a new cyclical bull market. Bitcoin's sustained price above $60,000 for nearly a year is seen as a 'Bitcoin winter' that typically precedes major gains. The model suggests a 3.5x increase from current levels, reflecting adoption-driven growth rather than speculative hype. While promising, the forecast depends on continued adoption and could be affected by regulatory or macroeconomic changes.

Bitcoin price targets by Fidelity's Jurrien Timmer provide context for cryptocurrency market activity on Pluang. As of Sep 26, 2026 19:52 WIB, 31 of 50 major cryptocurrencies rose while 18 fell. Among notable movers, ONE (Harmony) dropped 6.05% to Rp42, GRT (The Graph) rose 4.98% to Rp502, and COTI fell 4.95% to Rp284, with typical hold times ranging from 98 to 152 days.

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