In a recent interview, Fidelity’s director of macro research, Dan Ives, outlined a bearish view for Bitcoin’s near‑term trajectory, predicting a bottom near $65,000 in 2026. The forecast comes as the Fear & Greed Index sits at 16, indicating extreme fear in the market.

What Happened

Ives explained that the current four‑year bull cycle is nearing its end, but he remains confident that Bitcoin is still a secular bull. According to the analyst, the price will dip to $65,000 before rebounding over the long term.

Why It Matters for Bitcoin

The prediction highlights the potential volatility that investors may face in the coming years. It also underscores the distinction between a short‑term correction and a long‑term upward trend.

Market Impact

Short‑term traders could see increased selling pressure as the price approaches the projected floor. Institutional investors may view the forecast as a signal to adjust risk exposure.

What to Watch Next

  • Bitcoin’s price movement toward the $65,000 level.
  • Regulatory developments that could influence market sentiment.
  • Institutional allocation trends and ETF filings.
  • Macro‑economic indicators such as inflation and monetary policy.

Start Here

New to Bitcoin? Start here with the BitcoinChurch free guide.

Source

Cointelegraph article: Fidelity macro lead calls $65K Bitcoin bottom in 2026