Fidelity Macro Lead Calls $65k Bitcoin Bottom In 2026, End Of Bull...

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.”

Related: Bitcoin treasuries stall in Q4, but largest holders keep stacking sats

Timmer’s analysis contradicts other crypto analysts, who expect the growing number of regulated crypto investment products to lead to an extended bull market cycle in 2026.

Notably, Tom Shaughnessy, the co-founder of crypto research firm Delphi Digital, expects new all-time highs for Bitcoin in 2026, after investor sentiment recovers from the record $19 billion crypto market crash that occurred at the beginning of October.

“We are working through a one-time disastrous 10/10 liquidation event that broke the market,” wrote Shaughnessy in a Friday X post, adding:

Shaughnessy said crypto market valuations will be driven by the industry’s “fundamental progress,” including growing Wall Street implementations and regulatory developments.

Related: Bitcoiners push for quantum-resistant BIP-360 upgrade as debate heats up

Source: CoinTelegraph