Fidelity’s director predicts Bitcoin will enter bear market in 2026, bottoming near $65K
Crypto Briefing
Fidelity's director predicts Bitcoin may enter a bear market in 2026, bottoming near $65,000, despite remaining a long-term bull.Summary
Jurrien Timmer, Director of Global Macro at Fidelity Investments, suggests that Bitcoin may have concluded its current four-year halving-cycle bull run and could enter a cooling-off period, potentially seeing a bear market bottom near the $65,000 to $70,000 range in 2026. This prediction aligns with historical four-year cycles in both price action and timing, noting the recent peak reached $126,000. Despite this short-to-medium-term bearish outlook, Timmer maintains a long-term bullish stance on Bitcoin, observing that cycle highs tend to become less extreme as adoption increases. At the time of reporting, Bitcoin was trading above $88,000.
(Source：Crypto Briefing)