Fidelity Identifies $65K Support Level for Bitcoin – Is the Market Cycle Shifting?

Bitcoin finds itself at a pivotal moment as long-term cycle alerts clash with short-term technical pressures. Fidelity anticipates a potential bottom of $65,000 in 2026, while institutional changes surrounding Bitcoin treasury firms and new access in the US through Metaplanet’s ADRs are altering market sentiment.

In this context, BTC is trading close to a significant technical pivot, with bearish flag risks countered by indications of base-building and demand for dips.

Fidelity Predicts $65K Bitcoin Bottom in 2026, Bull Cycle Approaching Conclusion

Jurrien Timmer, director of global macro research at Fidelity, suggests that Bitcoin may have reached its peak in the current four-year cycle. He posits that Bitcoin’s rise to nearly $125,000 earlier this year could represent the cycle’s price and time high.

Timmer foresees a challenging year in 2026, similar to past “Bitcoin winters,” despite his ongoing confidence in Bitcoin. He identifies strong support between $65,000 and $75,000, indicating a possible bottom at $65,000 in 2026.
However, not all analysts share this view. Several cryptocurrency experts believe that Wall Street adoption, stricter regulations, and new cryptocurrency investment products will drive Bitcoin to unprecedented levels in 2026.

JUST IN: JPMorgan sets Bitcoin bottom at $94K, forecasts $170K in 2026 to compete with gold’s $28.3T market cap. – Forbes pic.twitter.com/wZRBfdjrwc

— Bitcoin Archive (@BitcoinArchive) November 15, 2025

Many believe that fundamentals are improving despite recent price drops and prevailing pessimism. This outlook could exert pressure on the cryptocurrency and heighten volatility in the short term. Nevertheless, the $65K level is viewed as a robust long-term support that could enhance Bitcoin’s positive outlook following the cycle pause.

Metaplanet to Launch US Trading via ADRs

The Japanese Bitcoin treasury firm Metaplanet is set to utilize American Depositary Receipts (ADRs) on the over-the-counter market for trading in the US. Trading is expected to commence under the ticker MPJPY, with Deutsche Bank Trust Company Americas acting as the depositor.

The aim of this change is to enhance the accessibility of Metaplanet’s shares for US institutional and retail investors without necessitating a direct listing on a US exchange.
As stated by the company, the ADRs are designed to broaden stock accessibility globally rather than to generate additional funds. This launch follows Metaplanet’s decision earlier this year to create a Miami-based US subsidiary. Metaplanet ranks among the largest Bitcoin-holding entities globally, possessing over 30,800 BTC.

Metaplanet to commence US trading with Deutsche Bank under MPJPY
Full News : https://t.co/3eipc9IQ5n

— The CryptoCurrency Post (@The_CryptoPost) December 19, 2025

However, since its value briefly fell below the worth of its Bitcoin holdings in September, the company has refrained from acquiring additional Bitcoin.
Long-term adoption is bolstered by enhanced access for US investors to Bitcoin-related businesses, which is a favorable development for Bitcoin sentiment. This increases institutional confidence and continues to support Bitcoin prices over time, even if it may not trigger an immediate price surge for the cryptocurrency.

NEW: US trading of Metaplanet ADRs begins December 19 under ticker $MPJPY.
This move follows strong demand from U.S. retail and institutional investors seeking easier access to the company’s equity. pic.twitter.com/kAShJExgAm

— Bitcoin News (@BitcoinNewsCom) December 19, 2025

Strategy and Bitcoin Treasury Firms Face Potential Index Exclusion

Strategy Michael Saylor’s firm and other companies that purchase Bitcoin may soon be excluded from major stock indexes like MSCI. MSCI has indicated that firms with over 50% of their assets in digital assets will be excluded, as they function more like investment funds than traditional businesses.

This proposal could compel passive funds to liquidate shares valued in the billions if approved by January 15. Analysts suggest that if other index providers follow MSCI’s lead, Strategy alone could see withdrawals of up to $8–9 billion.

Strategy and bitcoin-acquiring firms face broader exclusion from stock indexes
Full Story → https://t.co/JvvQ7qHAvq

— PiQ (@PiQSuite) December 19, 2025

Due to the downturn in cryptocurrency values, Strategy’s stock has already experienced a notable decline this year. Critics argue that the regulation could hinder the rapidly growing digital asset treasury (DAT) sector by raising financing costs and limiting adoption. Supporters contend that the risk has already been accounted for.
This news may induce instability and increase uncertainty in the short term. However, the fundamentals of Bitcoin remain strong, and a healthier, more stable BTC market could be supported by treasury firms utilizing less leverage.

Bitcoin Price Forecast – Bearish Flag Still Under Observation

The Bitcoin price forecast remains bearish amid the emergence of a bearish flag. BTC is trading around $88,100 on the 4-hour chart, stabilizing after breaking down from a bearish flag earlier this month. The short-term outlook remains cautious, but price movements indicate that the selloff is losing momentum rather than accelerating.

BTC continues to operate within a broad ascending channel that has guided prices since late October. The drop below the 50-EMA at $88,200 and the 100-EMA near $89,100 confirms near-term pressure, yet sellers have not succeeded in forcing a clear breakdown below the $84,500–$85,000 support zone. Repeated long lower wicks in this region suggest absorption and demand for dips.

Bitcoin Price Chart – Source: Tradingview

The candlestick structure has shifted to small-bodied candles and Doji-style pauses, indicating indecision. The RSI has recovered toward the low-50s, remaining above oversold levels and suggesting mild bullish divergence. This favors consolidation over continued selling.

From a technical perspective, Bitcoin is compressing below the $88,200–$89,200 pivot zone. A reclaim of this area would open a recovery path toward $92,000, followed by $94,200. Failure to do so keeps downside risk alive toward $84,500, with deeper support located near $80,600.

Trade idea: Buy acceptance above $89,200, target $94,000, stop below $84,000.

PEPENODE: A Mine-to-Earn Meme Coin Approaching Presale Conclusion

PEPENODE is gaining traction as a next-generation meme coin that merges viral culture with interactive gameplay. With over $2.37 million raised and the presale nearing its cap, interest is rapidly increasing as the countdown enters its final phase.

What distinguishes PEPENODE is its mine-to-earn virtual ecosystem. Rather than passive holding, users can construct digital server rooms utilizing Miner Nodes and facilities, earning simulated rewards through a visual dashboard. This concept introduces gamification and competition into the meme coin arena, providing holders with engagement opportunities prior to launch.

The project also features presale staking, enabling early participants to earn enhanced rewards ahead of the token generation event. Leaderboards and bonus incentives are planned post-launch to maintain high engagement levels.

With 1 $PEPENODE priced at $0.0012016 and limited allocation remaining, the presale is entering its final opportunity window for early buyers.

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