Fidelity: Bitcoin Winter may Last a Year, Support Level between $65,000 and $75,000

BlockBeats News, December 19th, Fidelity's Global Macro Director Jurien Timmer stated in a post on X platform that, although still bullish on Bitcoin in the long term, Bitcoin may have completed another four-year halving cycle, both in terms of price and time: After 145 months of uptrend, the $125,000 high reached in October this year is largely in line with expectations. Bitcoin's winter typically lasts about a year, so 2026 may be a "dormant year" for Bitcoin, with support between $65,000 and $75,000.

In addition, Jurien Timmer also highlighted gold's strong performance in 2025, contrasting it with Bitcoin's negative performance, and expects neither of these assets to experience mean reversion in the short term. He pointed out that gold is currently in a strong bull market, having risen about 65% year to date, outpacing the growth of the global money supply. In a recent pullback, gold has held onto most of its gains, which is a typical feature of a bull market.