Fidelity’s Director Forecasts Bitcoin Bear Market in 2026
- Jurrien Timmer, Director of Global Macro at Fidelity Investments, predicts Bitcoin may enter a bear market in 2026.
- He expects Bitcoin’s support level to be between $65,000 and $70,000 during this period.
- The recent cycle peak for Bitcoin was noted at $125,000, aligning with its historical four-year cycles.
- Timmer remains optimistic about Bitcoin’s long-term growth despite the anticipated short-term cooling period.
- At press time, Bitcoin was trading above $88,000 amid significant price fluctuations.
Trading Analysis
Trading Signal: BEARISH (Score: -4)
The prediction of a bear market in 2026 suggests a potential decline from current levels.
Price Levels:
Current: $88,000
Support: $65,000 | Resistance: $125,000
Recent Range: Not specified
Catalysts & Timeline:
• Near-term: Year-end investor caution
• Upcoming: Potential bear market entry in 2026
Timmer’s analysis indicates a possible bearish trend for Bitcoin ($BTC) as it might enter a bear market by 2026 with support expected between $65K and $70K.
Source (3.2)https://cryptobriefing.com/bitcoin-bear-market-2026-prediction/?rand=59535
