Fidelity Global Macro Research Director Jurien Timmer, who has been long-term optimistic about Bitcoin, has recently become more cautious. He warns that Bitcoin may have completed another 4-year cycle and is about to enter a prolonged correction period, with the possibility of a “Crypto winter” ahead.
Jurien Timmer pointed out that, based on historical experience, Bitcoin’s price movements have always followed repeating cyclical patterns. From historical laws and time structures, this current cycle “highly aligns” with previous bull and bear market transitions.
He specifically mentioned that Bitcoin reached a historical high of $125,000 in October this year, after approximately 145 months of upward trend, which fully matches the expected range of historical models.
Jurien Timmer stated that Bitcoin’s bear market (commonly called “Crypto winter”) usually lasts about a year. Therefore, he believes that after the recent halving cycle, 2026 could be Bitcoin’s “year of rest.” He said:
I remain long-term bullish on Bitcoin, but my concern is that, whether in terms of price or time, Bitcoin has likely completed another 4-year halving cycle.
Since past Bitcoin winters mostly lasted about a year, I think 2026 might be a temporary pause and a year of consolidation for Bitcoin. From a technical perspective, the key support zone is roughly between $65,000 and $75,000.
In contrast, Jurien Timmer’s outlook on gold is much more optimistic. He pointed out that since 2025, gold has performed strongly, contrasting sharply with Bitcoin’s relative weakness this year, and he does not expect a “Mean Reversion” (where asset prices return to long-term average levels) between the two in the short term.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Deutsche Bank Survey Shows US Bitcoin Adoption Rose to 12% in March, Up from 7% in February
Gate News message, April 21 — An investor survey by German banking giant Deutsche Bank revealed that cryptocurrency adoption in the US rose to 12% in March, up from a low of 7% in February, returning to levels projected for July 2025.
The report highlighted recovery in institutional demand as a
GateNews38m ago
Altcoins Surge Back Above $1.3T as Markets Rally After Greenland Crisis Resolution
On January 22, altcoins rebounded nearly 10% to $1.39 trillion due to eased global tensions, with Ethereum leading gains. Despite some volatility, the combined market cap stabilized at $1.32 trillion as other altcoins also showed modest recovery.
Coinpedia2h ago
ARB Recovery Gains Steam as Staking Yields Jump Above 221%
ARB rebounded 10% with strong volume and improving bullish market structure.
Staking yields rose above 221%, attracting more yield-focused investor interest.
Resistance near $0.14 remains key, with liquidity risks below current price.
Arbitrum — ARB, is showing renewed strength after a s
CryptoNewsLand2h ago
ETH and Altcoins Could See Parabolic Surge Upon Following Bullish Russell 2000 ATH Path
ETH and altcoins coils see parabolic surge upon following a bullish indicators.
The Russell 2000 just set a new ATH at 2,798 for the first time.
This new ATH indicator is a bullish signal for altcoins.
The crypto community is pleased to see that both BTC and ETH are trading at higher
CryptoNewsLand4h ago
Bitcoin Tops $75K as Ceasefire Hopes Drive Rally
Bitcoin rose on ETF demand while miners sold BTC; margins tightened and AI/HPC-focused pivots could turn miners into AI data-center players, potentially boosting valuations as AI demand grows.
Abstract: Bitcoin rose on ETF demand amid miner selling and tight margins. The report highlights a strategic pivot by public miners toward AI/HPC infrastructure, signaling a potential shift from pure bitcoin mining to AI data-center services and higher valuation multiples.
CryptoFrontier4h ago
Shiba Inu Sees 82.5B Token Outflow as Market Structure Shifts
Key Insights
Shiba Inu saw 82.5 billion tokens exit exchanges within 24 hours, signaling reduced supply pressure and increasing accumulation behavior among larger holders.
Exchange net flows remain positive as inflows persist, yet rising outflows suggest a gradual balance forming between
CryptoNewsLand4h ago
