Fidelity’s latest Bitcoin chart pattern signals a 2026 “off-year” that could drag prices down to this brutal support level
Fidelity's Jurrien Timmer suggests Bitcoin may have completed its cycle, potentially leading to a 2026 "off-year" with support near $65,000–$75,000.Summary
Jurrien Timmer, Fidelity's director of global macro, suggests that Bitcoin may have concluded another four-year halving cycle in both price and time, potentially signaling a 2026 "year off" or winter. Based on Bitcoin analogs charting historical patterns, Timmer places crucial support in the $65,000–$75,000 zone. This projection aligns with historical drawdown math, which suggests a trough zone between $82,000 and $57,000 if the decline follows historical percentages (35%–55% from the recent peak near $126,272). The analog framework implies that if the current reset follows historical duration, the low window could land in late 2026 into early 2027. However, some analysts, like Bitwise CIO Matt Hougan, argue that institutional adoption via ETFs may dilute the traditional four-year cycle mechanics. The path forward depends on whether cycle timing remains relevant or if macro conditions, influencing massive ETF flows, become the dominant price driver.
(Source：CryptoSlate)