Fidelity macro lead calls $65K Bitcoin bottom in 2026, end of bull cycle

Jurrien Timmer, director of global macroeconomic research at Fidelity, suggests that Bitcoin's recent $125,000 high might have marked the end of the current four-year halving cycle, both in price and time. He anticipates that 2026 could be an "off year" for Bitcoin, similar to past "Bitcoin winters" which lasted about a year, placing support for the cryptocurrency at the $65,000 to $75,000 range. This view contrasts with other analysts, such as Delphi Digital's Tom Shaughnessy, who expect an extended bull market peaking in 2026, driven by regulatory progress and institutional adoption following a recent market liquidation event. Furthermore, while social sentiment has turned bearish, 'smart money' traders tracked by Nansen are showing a short-term bearish stance on Bitcoin but are net long on Ether.

(Source：Cointelegraph)