Key Takeaways
- Fidelity’s director predicts Bitcoin may enter a bear market in 2026 with support between $65,000 and $70,000.
- Bitcoin’s recent cycle peak at $125,000 aligns with previous four-year cycles in price and timing.
Bitcoin may have wrapped up its halving-cycle bull run and could enter a cooling period in 2026, predicted Jurrien Timmer, Director of Global Macro at Fidelity Investments.
The macro strategist suggested that Bitcoin could revisit the $65,000 to $70,000 range following the recent cycle peak, which saw the price reach $126,000. He still expects Bitcoin to rise in the long run.
Timmer previously noted that Bitcoin’s trend setup lagged behind gold’s, with indicators placing the two assets at opposite extremes. While this could eventually create a mean-reversion opportunity, he repeatedly said the timing was premature.
The analyst also pointed out that cycle highs are less extreme as adoption matures.
Bitcoin changed hands above $88,000 at press time, experiencing major price swings over the past few weeks amid investor caution ahead of year-end, per CoinGecko.
Source: https://cryptobriefing.com/bitcoin-bear-market-2026-prediction/
