Fidelity Director Predicts Year-Long Crypto Winter Following Bitcoin's 2025 Peak
Bitcoin reached a peak near $125,000 in October 2025, a level that aligns with prior four-year cycles in both price and time, marking about 145 months of rally, according to Timmer, a Fidelity director.
Despite this strong run, Timmer views 2026 as a potential down year or 'year off' for Bitcoin following the latest halving-driven cycle, a pattern historically associated with Bitcoin 'winters' lasting roughly one year.
Bitcoin currently finds support in the $65,000 to $75,000 range, with the price recorded around $87,853 at the time of reporting.
While Timmer has adopted a more bearish stance for the near term, he remains a secular bull on Bitcoin overall.
In contrast, Gold has seen a significant year-to-date increase of approximately 65% in 2025 and continues its bull market, maintaining most of its gains even during market corrections.
Timmer does not anticipate a near-term mean reversion between Bitcoin and Gold prices.
