Fidelity’s director of macro is predicting a Bitcoin bottom near $65,000 in 2026, but remains a “secular bull” despite predicting an end to the current four-year cycle.
Bitcoin may have ended its historical four-year cycle, signaling an incoming year of downside, despite widespread analyst expectations for an extended cycle driven by regulatory tailwinds.
Bitcoin’s (BTC) $125,000 all-time high on Oct. 6 may have signaled the top of the current four-year Bitcoin halving cycle, both in terms of “price and time,” according to Jurrien Timmer, the director of global macroeconomic research at asset management firm Fidelity.
“While I remain a secular bull on Bitcoin, my concern is that Bitcoin may well have ended another 4-year cycle halving phase,” wrote Timmer in a Thursday X post. “Bitcoin winters have lasted about a year, so my sense is that 2026 could be a “year off” (or “off year”) for Bitcoin. Support is at $65-75k.”
