[Fidelity Executive: A New Cyclical Bull Market for BTC May Have Begun, Targeting $300,000 by 2029] Jurrien Timmer, Fidelity's Global Macro Director, stated on the X platform that Bitcoin's power-law model indicates a new cyclical bull market for BTC is unfolding after holding the $60,000 level, with a projected target of $300,000 by 2029.