Fidelity: The Bitcoin winter may last for a year, with support levels between $65,000 and $75,000

Fidelity: Bitcoin Winter Could Last a Year, Support Levels Between $65,000 and $75,000

Fidelity Global Macro Director Jurien Timmer posted on X platform that while he remains optimistic about Bitcoin in the long term, Bitcoin may have ended another four-year halving cycle, both in terms of price and time: after 145 months of gains, the $125,000 high reached in October this year aligns with expectations. Bitcoin’s winter typically lasts about a year, so 2026 could be Bitcoin’s “year of rest,” with support levels between $65,000 and $75,000.

Additionally, Jurien Timmer emphasized the strong performance of gold in 2025 and compared it to Bitcoin’s negative performance, predicting that neither asset will revert to the mean in the short term. He pointed out that gold is currently in a strong bull market, having risen about 65% so far this year, outperforming the growth of global money supply. During recent pullbacks, gold has held most of its gains, which is a typical characteristic of a bull market.