Jurrien Timmer, Global Macro Director at Fidelity, announced today the potential end of the positive trend within the cryptographic market. According to the expert, the final phase of the Bitcoin bull cycle was completed after the historical peak recorded last October. Timmer highlights that current cycle follows very precise historical patterns. The financial industry cautiously observes these macro-scale projections today. Likewise, this perspective suggests that the buying euphoria of recent months has reached a point of technical saturation.
Detailed analysis places the all-time high near 125,000 dollars, a figure reached after 145 months of cumulative price growth. On-chain data suggest that network profitability aligns perfectly with the halving cycles previously observed in the market. The price of 125,000 dollars represents a fundamental milestone for investors. Temporal alignment with previous cycles confirms technical exhaustion today. Therefore, volatility could increase significantly during the coming months of trading across the world’s major stock exchanges.
This phenomenon is not considered an anomaly, but rather a rhythmic constant within the digital economy of recent years. Furthermore, the report emphasizes that financial winters in this sector usually last for a period of twelve months. Crypto winters usually last for a year on a constant basis. The digital market rhythm responds to a cyclic temporal logic. Thus, the maturity reached by the asset does not prevent deep corrections after such vertical and prolonged bullish streaks.
Could gold become the primary haven against digital market volatility?
On the other hand, Timmer emphasized the exceptional performance of gold, which has risen by 65% during this current year 2025. The precious metal has held its gains solidly, unlike the leading criptomoneda which is showing clear signs of weakness. Gold outperforms the current growth of the global money supply. The strength of the precious metal contrasts with Bitcoin’s weakness. In this way, much institutional capital could rotate portfolios toward traditional assets considered to be much more stable.
Regarding price levels, the main support is expected to be located between 65,000 and 75,000 dollars in the future. However, a drop toward these ranges would represent a necessary accumulation phase for the development of the next multi-year cycle. The 65,000 dollar support is vital for future market stability. A necessary accumulation phase precedes reaching new price highs. Therefore, investors must prepare to face a low-yield environment throughout much of the year 2026.
What implications will this prolonged winter have for global institutional adoption?
Despite the short-term bearish projections, the Fidelity strategist maintains a positive view regarding the asset’s long-term potential. Nonetheless, he warns that 2026 will likely be a necessary rest period for the majority of digital assets. Fidelity maintains a positive vision for the institutional long term. The year 2026 will be a rest period for investors. Also, the resilience of current technological infrastructure will allow withstanding this correction without compromising the protocol’s underlying security.
Finally, the current scenario invites prudence and detailed observation of various global macroeconomic indicators in the coming weeks. The final phase of the Bitcoin bull cycle marks the start of a necessary financial market purging stage. Prudence defines the investment strategy for the coming months ahead. The market purge eliminates the excess of financial speculation today. Likewise, the sector expects the next growth stage to be driven by real, tangible, and massive adoption globally.
