Jurrien Timmer, Global Macro Director at Fidelity, has indicated that Bitcoin's recent dip to $60,000 may signal the bottom of the current bear market. Timmer, speaking on the X platform, noted that this level aligns with a support zone predicted months ago, suggesting the potential onset of a new expansion phase. He highlighted that the decline to $60,000 is relatively shallow, and as Bitcoin matures, its volatility is expected to decrease. Timmer's analysis correlates Bitcoin's price movements with global money supply, identifying $60,000 as a technical support level. His "Bitcoin's Maturation Path" chart outlines historical price waves and suggests a long-term trajectory towards $1 million, contingent on continued cyclical patterns and adoption trends. Timmer anticipates a new bull market cycle following several months of consolidation, potentially reaching new highs.