Fidelity macro chief sees $65K–$75K Bitcoin floor in 2026 after $125K cycle peak

Fidelity's director of global macro Jurrien Timmer argues that Bitcoin's four-year halving cycle likely peaked at $125,000 on Oct. 6 and expects a downside phase into 2026, with key support between $65,000 and $75,000. Other analysts, including Delphi Digital's Tom Shaughnessy, foresee fresh all-time highs in 2026 driven by fundamental growth and expanding regulated investment products, even as social sentiment and smart money positioning turn short-term bearish.