Fidelity: Bitcoin Final Drop Below $57K Possible
Fidelity Director Jurrien Timmer flags one final Bitcoin drop below $57K possible at current $63027 price amid bearish EMA50 resistance and MACD death cross.
SourceAnalysis
Fidelity Director of Global Macro Jurrien Timmer shared data showing Bitcoin could still see one final drop below $57K. At $63027.38 the 4h chart holds a bearish structure with price pinned below the EMA50 at $63264.07 and the EMA200 at $63884.2, while the MACD death cross at 62.39 confirms momentum has flipped lower. BTC is now testing the lower Bollinger Band support near $63184.63, suggesting any bounce may stall before a retest of that $57K zone. This setup aligns with broader BTC price prediction models that factor in macro liquidity drains and keeps Bitcoin vulnerable to a swift extension lower rather than an immediate reversal.
Kashif Raza
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