Fidelity Sees 'Hopeful Sign' in Bitcoin Price Performance

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Bitcoin's stunning underperformance A "hopeful sign" The next bull cycle Advertisement Jurrien Timmer, Fidelity Investments' director of global macro, has identified a critical silver lining in Bitcoin's recent price action. A technical pattern shows that the worst of the sell-off may be over as the cryptocurrency remains below the make-it-or-break-it $70,000 level. Bitcoin's stunning underperformance Timmer’s latest analysis offers a sobering look at how Bitcoin stacks up against traditional assets using the Sharpe Ratio, which is a metric that is used for evaluating risk-adjusted returns. HOT Stories Ripple Exec Reports Breakthrough in DC Crypto Meeting Crypto Market Review: XRP Faces 85% Volume Reset, Shiba inu (SHIB) Bull Run Chances Are Slim, Analyzing Dogecoin's Possibility to Return to $0.10 According to the Fidelity executive, equities are currently sitting in the middle of the pack with modest 52-week Sharpe Ratios. Gold reigns supreme at the top while Bitcoin remains anchored at the bottom. Advertisement You Might Also Like Wed, 02/18/2026 - 14:02 Bitcoin Sees Increased Whale Accumulation Despite Price Instability By Godfrey Benjamin "Gold continues to exhibit very resilient behavior, recovering quickly from corrections," Timmer noted. "This is what super-bull markets are made of." A "hopeful sign" Still, there is a sign of hope. Bitcoin managed to carve out a "higher low" on Friday, holding strong at the $65,000 support zone. Advertisement Crucially, this occurred while more speculative equities were making lower lows. This divergence, according to Timmer, shows underlying strength and seller exhaustion on the crypto side. "That’s a hopeful sign, especially after reaching the $65k support zone," Timmer explained. Bitcoin is currently changing hands at around $67,778, up 1.0% over the last 24 hours. The next bull cycle Following Bitcoin's peak near $125,000 in October 2025, Timmer predicted that the four-year cycle bull market had ended. As reported by U.Today , Timmer predicted that Bitcoin's plunge to $60,000 could be the bottom of the correction. "A decline to 'only' $60k would be relatively shallow for a Bitcoin winter, but as the commodity currency matures, its ups and downs should become less dramatic," he observed. The Fidelity director views the current market as a necessary period of "backing and filling." #Bitcoin Price Prediction #Fidelity #Jurrien Timmer