Bitcoin Bounces Back Above $80,000 Amid Fidelity Warning of Potential Market Reversal

Bitcoin has rebounded to above $80,000 after a 4.3% surge on Friday.

This marks a welcome change for the crypto market, which spent much of the third quarter under pressure before a sharp rally in late August.

The recent strength comes as investors take heart from Bitcoin's strongest monthly gain since November 2024.

However, Fidelity cautions that there is no guarantee this marks the end of the bear market yet.

The financial giant notes that Bitcoin's historical four-year market cycle may still play out, with a potential low around November 2026 if the pattern continues.