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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
12/19/2025

Fidelity Predicts Bitcoin Could Bottom at $65,000 in 2026 as Bull Cycle Nears Its End

Fidelity's Global Macro Director Jurrien Timmer believes Bitcoin may have already completed its traditional four-year bull cycle after hitting a new all-time high in October. In his view, both in terms of price and timing, that peak most likely marks the end of the current halving cycle. In a post on X, Timmer noted that Bitcoin typically goes through "crypto winter" periods lasting roughly one year. As a result, 2026 could become a "rest year" for the market.

Fidelity Predicts Bitcoin Could Bottom at $65,000 in 2026 as Bull Cycle Nears Its End

Fidelity's Global Macro Director, Jurrien Timmer, believes Bitcoin may have already completed its traditional four-year bull cycle after hitting a new all-time high in October. In his view, both in terms of price and timing, that peak most likely marks the end of the current halving cycle.

In a post on X, Timmer noted that Bitcoin typically goes through "crypto winter" periods lasting roughly one year. As a result, 2026 could become a "rest year" for the market, with key support sitting in the $65,000 – $75,000 range. That said, he stressed that he remains a "secular bull" — a long-term optimist on Bitcoin.

Fidelity's cautious stance contrasts with many other voices in the crypto space. Some analysts argue that the growth of regulated investment products — particularly spot Bitcoin ETFs — combined with an increasingly clear regulatory environment in the U.S., could extend the bull cycle into 2026.

 Tom Shaughnessy, co-founder of Delphi Digital, believes the market is recovering from the large-scale liquidation event in early October and that Bitcoin could very well set a new price high in 2026, as investor sentiment improves and fundamentals continue to develop.

On the policy front, legal experts also expect 2026 to be a pivotal year for crypto regulation in the U.S., particularly around implementing stablecoin legislation and integrating digital assets into traditional payment systems. This could pave the way for larger institutional capital flows into the market.

In the near term, however, investor sentiment is weakening as Bitcoin at one point dipped below the $85,000 mark. Data from Santiment shows bearish commentary dominating social media, while "smart money" traders on Nansen are actively shorting Bitcoin while betting on Ether's upside.

Overall, the crypto market is caught in a tug-of-war between a positive long-term outlook and short-term correction risk, with 2026 seen as the defining moment that will test whether Bitcoin has truly entered a new cycle.