Has crypto bottomed? Fidelity signals a forming bear-market floor
A leading Wall Street asset manager’s research desk has indicated that the crypto bear-market floor may be forming. The signal centers on Bitcoin’s ability to stabilize in a defined range while volatility compresses.
Within this framing, the $60,000–$75,000 area is treated as a primary zone to monitor for basing behavior. Some market watchers still note the possibility of a lower retest before any durable expansion phase.
Why Fidelity’s outlook matters for Bitcoin and investors
According to Fidelity Investments, it began mining Bitcoin in 2014 and launched dedicated crypto services in 2018; its digital assets research team later wrote that Bitcoin and Ethereum had matured into a distinct, investable category. Given that institutional posture, the firm’s cycle read is closely followed by allocators.
Before reproducing the statement below, it is important to note that it reflects a research view rather than a recommendation. Its analysts said, “The bottom of the crypto bear market may have been formed, and a new round of expansion is expected.”
In practical terms, the firm’s macro work frames 2025–2026 as a likely consolidation window. Within that, the current drawdown toward the $60,000–$75,000 band is treated as consistent with a support-building process.
Immediate impact: price zones, risks, and consolidation signals
At the time of this writing, Bitcoin trades near $68,795 after testing $69,400 resistance, as reported by CryptoRank. That location sits inside the envisaged support band that institutional analysts are watching.
A principal near-term risk remains a further push lower if momentum weakens. According to CryptoQuant, a final bear-market flush could approach ~$55,000 in a risk case, implying the range could be probed before any durable base forms.
Price action clustered within a well-defined range typically signals consolidation, not confirmation of a new trend. A decisive loss of the lower boundary would raise the odds of a deeper reset, while steady closes back toward the range midpoint would support a basing narrative.
BTC $60,000–$75,000 support zone and downside watchpoints
Levels analysts monitor, including a potential ~$55,000 risk case
Market technicians are tracking whether Bitcoin can repeatedly defend the $60,000–$75,000 area on closing bases. A swift, high-volatility wick toward ~$55,000 remains a noted risk case if selling accelerates, especially during liquidity gaps.
Holding the mid-range on retests would strengthen the argument for a developing floor. Conversely, a breakdown with expanding range and volume would indicate the consolidation is not yet complete.
Contrasting views: Fidelity, CryptoQuant, and independent analysts
The institutional view emphasizes a forming floor and a consolidation-heavy path through 2026. By contrast, some on-chain research highlights the possibility of one more leg down toward the high-$50,000s before accumulation stabilizes.
Independent market watchers remain cautious, pointing to the need for confirmation via sustained closes and improving breadth. That divergence underscores why risk management and scenario planning remain central during range-bound phases.
FAQ about Bitcoin bear market bottom
What price levels are analysts watching as key BTC support (e.g., $60k–$75k and ~$55k)?
Many watch $60,000–$75,000 as support, while a ~$55,000 downside wick is a risk case if selling accelerates.
What is Fidelity’s Jurrien Timmer forecasting for Bitcoin into 2026?
Timmer anticipates a consolidation phase into 2026, with the recent ~$60,000–$75,000 zone acting as support and the latest dip aligning with his outlined correction range.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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