Fidelity analyst sees Bitcoin at $300,000 by 2029, but $86,000 must break first

• —Timmer's 2029 target of $300,000 implies roughly 266% upside from current levels
• —His intermediate target of $100,000 represents about 22% upside from $82,000
• —Key resistance sits at $86,000, with the $60,000 area anchoring his cycle view
• —US spot Bitcoin ETFs saw $261.4 million in net outflows on October 14, then $5.1 million in inflows