Fidelity's Timmer: BTC preparing for rally as funds rotate from gold

Jurrien Timmer, Director of Global Macro at Fidelity, believes Bitcoin is preparing for a rally, citing a recent flow of funds from gold back into the cryptocurrency, U.Today reported. He noted that BTC has shown a solid trend, rebounding to $78,000 after a low in the low $60,000s. Timmer described the current price range as a consolidation phase before a potential rise, adding that the capital rotation from gold could build upward momentum.