Fidelity Global Head of Macro Jurrien Timmer stated that Bitcoin's power law model indicates a new cyclical bull market is unfolding as the asset holds above $60,000. Based on this technical framework, Timmer projects a price target of $300,000 for BTC by 2029. The assessment highlights the significance of the $60,000 level as a critical threshold for confirming the start of a fresh market cycle. This long-term forecast relies specifically on power law analysis to map Bitcoin's trajectory over the next three years.