Latest BTC bull turns bear, Jurien Timmer warns of year-long crypto winter
Fidelity's Jurien Timmer, a former Bitcoin bull, now predicts a year-long crypto winter for 2026 based on historical four-year cycles.Summary
Jurien Timmer, Fidelity's Director of Global Macro and a long-time Bitcoin proponent, has turned bearish on Bitcoin, suggesting the latest bull run has ended. He bases this on Bitcoin's historical four-year cycle pattern, noting that the October all-time high near $125,000 aligns with prior cycles. Timmer warns that Bitcoin winters typically last about a year, leading him to forecast 2026 as a potential "year off" for the asset, with support levels between $65,000 and $75,000. Despite this short-term bearish outlook, he maintains he is a "secular bull" on Bitcoin long-term. In contrast, Timmer highlights gold's strong performance in 2025, noting it is firmly in a bull market, up roughly 65% year-to-date, and does not expect a near-term reversal against Bitcoin.
(Source：CoinDesk)