Fidelity Macro Lead: $65K Bitcoin Bottom 2026, End Bull Cycle
Bitcoin’s recent $125,000 all-time high may mark the end of the current four-year halving cycle, potentially signaling a year of downside ahead, according to Fidelity’s Jurrien Timmer. He suggests Bitcoin “winters” typically last about a year, with price support likely at $65,000-$75,000 and a possible “off year” in 2026. This outlook contrasts with other analysts, who expect regulatory improvements and the introduction of more crypto investment products to drive a prolonged bull market culminating in new highs by 2026. Despite expectations for institutional growth and pro-crypto legislation, investor sentiment remains bearish following a significant market crash and Bitcoin’s dip below $85,000. “Smart money” traders are net short on Bitcoin, anticipating further near-term weakness, while holding long positions in Ether. Overall, the market is divided between those forecasting a cyclical downturn and those betting on continued growth driven by regulatory and institutional developments.
