Investors accustomed to Bitcoin’s relentless rallies should prepare for a pause in 2026, according to Fidelity’s lead macro strategist. Jurrien Timmer warns that after Bitcoin reaches its expected peak in October 2025, the market will likely enter a consolidation phase, bringing prices down toward a $65,000–$75,000 support range.
Insights from Fidelity’s Research
Fidelity’s analysis underscores Bitcoin’s cyclical past, highlighting a tendency for corrections to follow sharp uptrends. Timmer notes that the bitcoin halving event in 2024 will catalyze a new upswing, but history suggests that the euphoria of a post-halving rally often ends with a plateau or mild downturn.
Projected Price Dynamics
The strategist projects that Bitcoin’s price could retract from all-time highs and revisit a robust support zone near $65,000 to $75,000. This range served as a key accumulation point during the last major rally, and market participants may use it to replenish positions before the next leg up in 2028.
Alternative Bullish Views
Despite Fidelity’s cautious stance, several other fund managers maintain an optimistic outlook for 2026. Some models predict continued bullish momentum, driven by institutional inflows, ongoing DeFi innovation, and growing adoption across emerging markets. These conflicting forecasts underscore the unpredictability inherent in Bitcoin’s market cycle.
Key Takeaway
While a correction phase could weigh on prices in 2026, long-term investors may view any dip toward the $65,000–$75,000 zone as a strategic entry point ahead of the next major bull run.
Implications for Crypto Investors
Traders and funds should consider adjusting their risk management strategies to account for potential volatility and reduced upside in 2026. Dollar-cost averaging, hedging with derivatives, and maintaining an allocation to stablecoins could help navigate the anticipated “off-year.”