Bitcoin may face difficulties, but top-level institutional analysts believe that cyclical reversals are under way. The Global Macro Manager of Fidelity Investments, Jurrien Timmer, has suggested that this leading encrypted currency may have reached the critical psychological and mathematical bottom.
According to Fidelity's "investment return-rates ", the performance of alternative assets was extremely weak, with emerging markets, small shares and Japanese equities at the top of the list in 2026, while bitcoin, spot gold and long-term national debt were at the bottom of absolute terms.
Historically, when prices reach the top of the tunnel, the chart marks the "distribution area" and when prices are compressed to the bottom of the tunnel, there is usually a major buy-in opportunity.
The Fidelity study chart uses a two-indicator system to determine whether the market is really exhausted, and data show that bitcoin is currently traded at $63,957, close to the long-term support line at $56,488. The data also show that the power deviation of 56 per cent is consistent with the --100 per cent Z fraction reading, and that, historically, every time the 52-week Z score has been condensed to the --100 per cent - 120 per cent range, it shows the mathematical fatigue of bitcoin relative to gold.
At present, Bitcoin is in the process of developing a short-term inversion at a transaction price of $63,957.