According to ChainCatcher, despite Bitcoin hitting a record high of over $126,000 on October 6, it later faced a $19 billion liquidation event and is now trading at around $87,000. Market sentiment remains divided, with Dan Tapiero of 50T Funds believing the bull market is in its 'mid-phase,' while Fidelity's research director Jurrien Timmer forecasts a potential 'consolidation year' for Bitcoin in 2026, with a support range of $65,000 to $75,000. Analysts note that Bitcoin's four-year cycle is increasingly influenced by macroeconomic liquidity and sovereign adoption. Tracking data shows most top traders are currently bearish on major cryptocurrencies in the short term.
Fidelity's Jurrien Timmer Predicts 2026 Bitcoin 'Consolidation Year' with Support at $65,000
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Summary
Bitcoin news reports that after hitting a record $126,000 on October 6, Bitcoin faced a $19 billion liquidation event and is now trading near $87,000. Market views are split, with 50T Funds’ Dan Tapiero calling it a bull market mid-phase, while Fidelity’s Jurrien Timmer predicts a 2026 Bitcoin analysis showing a possible consolidation year with support at $65,000–$75,000. Analysts note Bitcoin’s four-year cycle is increasingly shaped by macro liquidity and sovereign adoption. Top traders remain bearish on major cryptos in the short term.
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