Fidelity Executive Says Bitcoin Is Showing a “Bear Flag” Signal

Recent assessments from leading analysts in the cryptocurrency market point to critical technical levels for both Bitcoin and Ethereum.

Jurrien Timmer, Fidelity’s Global Macro Director, noted that Bitcoin continued its upward trend last week, forming a new recovery peak at $78,344. Timmer stated that the rise, which began from $60,033, could still technically be considered a “bear flag” formation. However, according to the analyst, Bitcoin continues to build a strong base during this period, and this structure serves as preparation for the next major upward wave.

On the other hand, crypto analyst Ali Martinez argued that Ethereum is testing a critical level that historically separates bear markets from macro bull periods. According to Martinez, Ethereum is currently trading around the “realized price” of approximately $2,340. This level represents the average cost for all on-chain investors.

Martinez noted that in past cycles, this level has generated strong selling pressure during recovery phases, with investors generally preferring to exit at the break-even point. However, when this critical threshold is transformed into a support level, Ethereum is observed to enter strong and highly confident uptrend phases.

*This is not investment advice.