Summary
- Fidelity Investments said that Bitcoin could enter a highly volatile bearish phase in 2026.
- Jurrien Timmer presented $65,000–$75,000 as the downside support range for Bitcoin.
- It stated that market flows could move into the next phase through adjustments and sideways movement from a cycle perspective, rather than due to any specific event.
Fidelity Investments projected that Bitcoin (BTC) could undergo a highly volatile adjustment phase in 2026. Citing the possibility of a cycle peak formation, it suggested a downside support range of $65,000–$75,000.
On the 18th (local time), according to crypto-focused media U.Today, Jurrien Timmer, head of Fidelity Investments' Global Macro division, said Bitcoin "is likely to have peaked in the cycle last October."
Timmer assessed that Bitcoin could experience 'ups and downs' in 2026. He offered the view that even if the price comes under downward pressure, it is likely to find support in the $65,000–$75,000 range.
He based this on the cycle perspective rather than on any specific event or single variable. The implication is that the market could go through adjustments and sideways movement after a peak formation before moving into the next phase.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
