Bitcoin may be forming a base at $65,000 as 'paper hands' have been flushed out

Bitcoin may be forming a base at $65,000 as 'paper hands' have been flushed out

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBitcoin may be forming a base at $65,000 as 'paper hands' have been flushed outJurrien Timmer, director of global macro at Fidelity Investments, says strong earnings are helping markets absorb geopolitical shocks, despite ongoing risks.By Will Canny, AI Boost|Edited by Jamie Crawley Apr 12, 2026, 3:00 p.m. Make preferred on Fidelity Digital Assets strategist sees resilient markets despite geopolitical turbulence. (Unsplash)What to know: Oil backwardation, stable credit spreads, and modest equity drawdowns suggest investors expect tensions around Iran to resolve.Bitcoin, in particular looks technically interesting to Timmer, with the $65,000 level acting as solid support. Strong earnings and a mid-cycle expansion are preventing a deeper e

Source: https://www.coindesk.com/markets/2026/04/07/oil-at-usd100-vs-bitcoin-at-usd70k-the-wild-ride-that-fidelity-strategist-says-is-a-real-buying-opportunity