Fidelity: 2026 to Be 'Off Year' for Bitcoin
Analysis
Price Impact
HighFidelity's director of global macro predicts 2026 will be an 'off-year' for bitcoin, believing the current bull run peaked at $125,000 in october 2025 and foresees a drop to $65,000-$75,000 for support. this bearish short-to-medium term outlook from a major institution could influence market sentiment.
Trustworthiness
HighJurrien timmer is the director of global macro at fidelity investments, a highly reputable financial institution. his analysis is based on historical data and macro-economic perspectives, lending significant weight to his predictions, even if other firms disagree.
Price Direction
BearishTimmer explicitly states that 2026 will be an 'off-year' for bitcoin, predicting a decline from current levels towards $65,000-$75,000 after what he believes was the cycle peak at $125,000. while bullish long-term, the immediate outlook presented is bearish for the stated period.
Time Effect
LongThe prediction specifically targets the entire year 2026, making it a medium to long-term outlook for a significant price correction or consolidation phase.
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Cover image via U.Today Read U.TODAY on Google News "Gold mooned while Bitcoin swooned" Has Bitcoin peaked? Other crypto predictions Advertisement Jurrien Timmer, the Director of Global Macro at Fidelity Investments, has predicted that 2026 will be an off-year for Bitcoin, the leading cryptocurrency by market cap. The leading cryptocurrency is currently changing hands at $86,207, struggling to reclaim the $90,000. "Gold mooned while Bitcoin swooned" As reported by U.Today, Timmer previously predicted that Bitcoin would be able to outperform gold in the second part of the year. HOT Stories Morning Crypto Report: Ripple CTO Drops 'Wow!' on Major XRP Milestone, Shiba Inu (SHIB) Nears 'Black Friday' Bottom, Bitcoin to $52,000? Don't Be Surprised, Bollinger Bands Warn XRP Double Top Warning Issued by Brandt Crypto Market Prediction: Bitcoin's Perfect Recovery Picture, Is Ethereum's (ETH) Ready to Retake $3,000? Cardano's (ADA) Ready to Reach Crypto Market Top Ripple CEO Nails Bold RLUSD Call However, this never happened: the yellow metal mooned while its digital rival swooned during the aforementioned time period. Advertisement card Timmer believes that a mean reversion is not in the cards just yet, which essentially means that he expects this trend to continue in the near future. Has Bitcoin peaked? Timme believes the $125,000 price point, which Bitcoin hit two months ago in October 2025, was likely the absolute peak of this current cycle. Advertisement He argues that hitting $125k after "145 months of rallying" aligns perfectly with historical data. To him, the math shows the bull run is officially over. He believes Bitcoin will drop from its highs to potentially find "support" between $65,000 and $75,000. Timmer still likes Bitcoin and is bullish long-term, just not for 2026. Other crypto predictions Unlike Fidelity's Timmer, Bitwise is explicitly betting against a 2026 Crypto Winter. In their "Year Ahead" report released this week, they argue that ETFs and institutional adoption have broken the old boom-and-bust patterns. The firm is confident that BTC will be able to reach a new record high next year. Standard Chartered and Bernstein remained bullish but have significantly lowered their expectations following the October 2025 market peak In the meantime, as reported by U.Today, investment firm VanEck has refrained from making predictions for 2026. #Bitcoin Price Prediction #Jurrien Timmer