Latest bitcoin bull turns bear, Fidelity director warns of year-long crypto winter
Fidelity’s global macro director, Jurien Timmer, has called the end of the latest bitcoin bull run, while highlighting gold’s continued bull market strength.
Fidelity’s global macro director, Jurien Timmer says bitcoin’s October peak near $125,000 aligns closely with prior four year cycles in both price and time.
Timmer suggests 2026 could be a “year off,” for bitcoin with key support seen between $65,000 and $75,000.
Timmer contrasts bitcoin’s recent weakness with gold’s strong 2025 performance, noting gold is behaving as expected in a bull market by holding onto most of its gains during its latest correction.
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