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

Despite Bitcoin reaching a historic high of over $126,000 on October 6, it subsequently faced a $19 billion liquidation event, with the current trading price around $87,000. The market is divided on future trends, with 50T Funds founder Dan Tapiero believing the bull market is still in the "mid-stage," while Fidelity's research director predicts that Bitcoin may experience a "year of consolidation" in 2026, with support levels between $65,000 and $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.