Fidelity macro chief sees Bitcoin’s halving cycle peaking near $126,000 and flags $65,000–$75,000 support into 2026

Fidelity's director of global macro Jurrien Timmer argues that Bitcoin has likely completed another four-year halving cycle after hitting an October high close to $125,000, with a potential peak near $126,200. He maps out a support zone between $65,000 and $75,000 based on historical drawdowns and cycle timing, suggesting 2026 could be a cooling "off-year" as ETF flows and macro conditions drive price behavior.