Fidelity Director of Research Jurrien Timmer: Bitcoin may face a "consolidation year" in 2026, with support at $65,000

Deep Tide TechFlow news, on December 24, according to Cointelegraph, although bitcoin reached a historical high of over $126,000 on October 6, it subsequently experienced a $1.9 billion liquidation event and is currently trading at around $87,000. There are differing opinions in the market regarding future trends: Dan Tapiero, founder of 50T Funds, believes the bull market is still in the "mid-stage," while the Director of Research at Fidelity predicts that 2026 may be a "consolidation year" for bitcoin, with support levels at $65,000 to $75,000.

Analysts point out that bitcoin's four-year cycle is gradually evolving into a broader long-term trend driven by fundamental factors such as global liquidity and sovereign adoption. Currently, tracking data shows that most top traders hold a short-term bearish stance on mainstream cryptocurrencies.