BlackRock: Bitcoin Winter Could Last Another Year, Support Level Between $65K and $75K

On Dec. 19, Jurien Timmer, Global Macro Director at Fidelity, said in a post on X that while he remains bullish on Bitcoin long-term, the cryptocurrency may have already wrapped up its latest four-year halving cycle—both in price and timeline. After 145 months of growth, the $125,000 high Bitcoin hit in October this year aligned broadly with expectations, he noted. Bitcoin’s bear markets typically last around a year, so 2026 could be a “down year” for the token, with support ranging from $65,000 to $75,000. Timmer also highlighted gold’s strong 2025 performance, contrasting it with Bitcoin’s expected negative returns, and added neither asset is likely to see mean reversion in the near term. He pointed out gold is currently in a robust bull market: up roughly 65% year-to-date, outperforming global money supply growth, and holding most of its gains during a recent pullback—a classic hallmark of a bull market.