CryptoWorld News reports that, according to U.Today, Jurrien Timmer, Fidelity Investments’ global macro director, said that Bitcoin has currently broken through traditional technical analysis rules, showing abnormal resilience and holding steady at around $79,486. He believes this phenomenon may mean that Bitcoin is in the early stages of a bull market. Timmer noted that although in a bear market, overbought conditions typically lead to selling, in a bull market, sustained high momentum reflects strong market confidence and readiness for further upside. His change in view aligns with the record inflows into the Bitcoin ETF in April 2026 and expectations of greater regulatory transparency in the United States. Despite an optimistic outlook, confirming a structural breakout of the bear market trend still requires consolidation in the $80,000 to $83,000 range.