Fidelity’s global macro director, Jurien Timmer, has called the end of the latest bitcoin bull run, while highlighting gold’s continued bull market strength.
What to know : Fidelity’s global macro director, Jurien Timmer says bitcoin’s October peak near $125,000 aligns closely with prior four year cycles in both price and time. Timmer suggests 2026 could be a “year off,” for bitcoin with key support seen between $65,000 and $75,000. Timmer contrasts bitcoin’s recent weakness with gold’s strong 2025 performance, noting gold is behaving as expected in a bull market by holding onto most of its gains during its latest correction.