Fidelity executive: The bitcoin bull market is over, 2026 may be a "consolidation year"
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Fidelity Global Macro Director Jurien Timmer stated that the latest bitcoin bull market has ended, and the peak near $125,000 in October aligns with the four-year cycle pattern. Timmer pointed out that 2026 may be a "consolidation year" for bitcoin, with key support levels between $65,000 and $75,000. Timmer compared bitcoin's recent weakness to gold's strong performance expected in 2025, noting that gold's performance in the bull market is in line with expectations.
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