Fidelity’s Timmer Predicts Bitcoin Bear Market to Extend Until 2026

Jurrien Timmer, Global Head of Macro Research at Fidelity, stated that Bitcoin’s four-year cycle remains intact, expecting a “bear market” until 2026 with current support at $65,000-$75,000.

This projection suggests prolonged price stability for Bitcoin, potentially influencing investment strategies amid ongoing market uncertainties.

Timmer Projects Bear Market Continuation to 2026

Jurrien Timmer, Director of Global Macro at Fidelity, indicated confidence in the ongoing Bitcoin market cycle. Despite recent peaks, he pointed to historical patterns that suggest a four-year cycle’s continuation is probable. This viewpoint aligns with Fidelity’s comprehensive market analyses, emphasizing consistency with previous cycles.

The extended bear market could influence market participants, as support levels near $65,000-$75,000 are anticipated. Such projections may lead investors to adjust strategies, factoring in potential prolonged stagnation. Timmer’s forecast coincides with Fidelity’s accumulated cumulative market observations.

Jurrien Timmer, Director of Global Macro Research at Fidelity, noted, “A potential ‘bear market’ extending to 2026, and support between $65,000-$75,000.” Source

Community figures and industry experts have shown mixed reactions to Timmer’s forecast. No official comments have been provided by leading figures like Vitalik Buterin or regulatory agencies, reflecting an atmosphere of watchful anticipation. The Fidelity statement attracts attention despite absent supportive data from other crypto leaders.

Bitcoin Price Trends and Market Influence

Did you know? Jurrien Timmer’s analysis builds on a historical precedence where Bitcoin’s bull cycles typically transition into lengthy bear phases, echoing patterns observed in the 2014 and 2018 cycles.

According to CoinMarketCap, Bitcoin currently trades at $88,282.76 with a market cap of formatNumber(1,762,555,650,969.79, 2), reflecting a 58.96% dominance. The 24-hour trading volume has decreased by 67.83%, accounting for $14,824,427,978.13. The current price adjustments include a 0.28% uptick over 24 hours, and a 2.40% drop over seven days, mirroring longer-term falling trends.

The Coincu research team anticipates that the forecasted bear market could lead to revised financial strategies within the community. Moreover, regulatory bodies might increase scrutiny, with technological adaptations expected to evolve in alignment with prolonged periods of market stability or uncertainty. Timmer’s insights highlight expected trading behaviors and potential regulatory adjustments during extended downturns.