Bitcoin: Jurrien Timmer Bets on $300,000 by 2029

Bitcoin has just experienced its best week since January 2026, and a Fidelity executive takes advantage to launch a crypto prediction that turns heads. Macro director Jurrien Timmer is betting on a bitcoin at $300,000 by 2029. His crypto analysis is based on pure mathematics as well as a proven model. Does this BTC scenario hold up? Full analysis.

Why does Jurrien Timmer see bitcoin at $300,000 in 2029?

In August, Jurrien Timmer states that the bitcoin price respects the floor of its curve. In a tweet posted on September 26, 2026, he gives a figure and a date. According to the global macro director at Fidelity Investments, the flagship crypto is preparing for a new bullish cycle with a target at $300,000 in 2029.

Timmer does not announce this figure randomly. His crypto analysis combines two indicators:

• the log-linear progression of bitcoin since 2010;
• the 52-week Z-score of the bitcoin/gold ratio.

Specifically, the model assumes that bitcoin cycles are not random. They follow a regular growth curve, punctuated by corrections toward the underlying trend. Each time the bitcoin price touches this line, a major rebound follows.

That’s not all! The power law model also validates this new bullish bitcoin cycle. It draws a logarithmic progression curve of the bitcoin price in the long term. When the price stays above this trajectory, a bullish cycle is triggered. The $60,000 level, recently confirmed by the crypto queen, thus acts here as a structural floor.

Timmer calls $60,000 the “line in the sand”

According to his chart, bitcoin did not break this level during the slide. Located between $57,742 and $60,033, the extremes noted by U.Today show that the BTC market came very close to it. They draw a double bottom, that “W” pattern that crypto traders watch to spot a reversal.

Another important element: bitcoin lost more than half of its value between its 2025 record and its 2026 lows. Since then, the bitcoin rebound has brought the gap with the peak down to 33%. This sharp drop is nothing unusual for the model. Especially since drops of 56% and 63% are also recorded (still according to U.Today). The weekly stochastic, meanwhile, has exited the oversold zone. This oscillator detects overbought or oversold markets.

Bitcoin versus gold: the indicator turns green again

Timmer’s chart also compares bitcoin to gold. This indicator rises to +6%, after a low close to -100%. The three previous cycle lows hit:

• -120%;
• -118%;
• -102%.

In other words, each floor proved slightly less deep than the previous one, and the 2026 floor continues the series.

Institutions now place bitcoin and gold in the same macro bet: that of the depreciation of fiat currencies. Bitwise details this in a report published on September 23, 2026. According to this document, some institutions now treat the two assets as interchangeable. University endowment funds even hold both. Bitwise acknowledges however that other investors reject the label of “digital gold“. They see the crypto as a pure disruptive technology.

Bitcoin towards $100,000? Levels to watch

According to Timmer, a bitcoin that holds above $80,000 would confirm the double bottom. This would open the path to $100,000. Data places the neckline of the pattern at $82,266, with resistance between $82,000 and $86,000. On September 27, 2026, BTC traded at $84,647. The flagship crypto asset even grazed $87,500 while futures speculators increased already record bullish bets.

In the short term, strategist Killa sees a new bullish cycle after a weekly high. The crypto analyst finds nothing bearish in the picture. He even points out that bitcoin rose six times out of seven around the monthly open. His reading: a drop before October would announce a rebound; a rise would make him more cautious.

The interest of Timmer’s crypto prediction thus lies as much in the figure of $300,000 as in the mechanism used to reach it. It remains to be seen if bitcoin will break through $86,000 in the coming weeks. This test will tell if Fidelity’s power law holds or if the $300,000 remains for now a nice curve.