Fidelity Director of Global Macro Says Bear Market Is Here, Expects BTC to Hit $65,000

• Fidelity Director of global macro says bear market is here.

• He expects the price of BTC to hit $65,000 in the coming months.

• Can BTC bottom and hit a new ATH price in the coming New Year?

With the final weeks of the year nearing, analysts and financial experts share their views for what is to come next. So far, expectations for the coming year are pouring out in both bullish and bearish waves. Most recently, Fidelity Director of global macro says that the bear market is here and expects the price of the pioneer crypto asset to hit $65,000 in the coming New Year. Could this be a bottom for BTC?

Fidelity Director of Global Macro Says Bear Market Is Here

This year has been an exciting one for Bitcoin (BTC) holders and traders, especially for those who made the right calls to profit from the many windows of opportunities so far. Besides the many gains Bitcoin’s surges this cycle yielded, the asset also experienced brutal price dips that led to significant market corrections this year, including the $20 billion liquidation event in October.

The liquidation event took place after Bitcoin (BTC), the pioneer crypto asset, went on to set its current ATH price in the $126,000 price range. Following the liquidation day, the price of BTC and ETH both fell steadily over the next few weeks, debunking all hopes and calls for one final new ATH price for BTC before the end of the year. This led to bear market calls from bearish analysts, leading to traders wondering when BTC would bottom next.

On this matter, several popular crypto analysts have weighed in so far. According to a few, the 4-year bull cycle blueprint suggests that the price of BTC will go on to bottom after 12-14 months, meaning BTC will bottom at the end of next year or the start of the year after. Meanwhile, others expected BTC to bottom before the end of this year, or still expect it to bottom in Q1 of 2026, leading to a new BTC ATH and the long-awaited altseason.

Price of Bitcoin (BTC) to Hit $65,000

At the moment, financial experts are also starting to weigh in, sharing their expectations for what is to come for the crypto market and the price of Bitcoin in the coming months. To highlight, financial titans like Fidelity and BlackRock have been buying BTC in bulk all throughout the year, some expect them to start selling in bulk as the price of BTC dips, still others believe they will accumulate more when BTC prices drop.

“The bear market is here and Bitcoin is heading down to $65,000”

That’s what Fidelity’s director of global macro Jurrien Timmer thinks.

While Jurrien is bullish on $BTC in the long term, he believes that Bitcoin is once again following its historical 4-year cycle driven by its… pic.twitter.com/KFPcBWTcZP

— Lark Davis (@LarkDavis) December 21, 2025

According to Fidelity’s director of global macro, Jurrien Timmer, says that the bear market is here and Bitcoin is heading down to $65,000. While Jurrien is bullish on BTC in the long term, he believes that Bitcoin is once again following its historical 4-year cycle driven by its halvings. So BTC’s ATH of $126,000 on October 6, 2025, was the cycle top in both price and time. Based on the 4-year cycle, Fidelity is predicting that 2026 will be a down year with support for Bitcoin currently at the $65,000 – $75,000 price range.