Bitcoin Surpasses $80,000 as Fidelity Warns of Continued Bear Market

Bitcoin's price has surpassed $80,000, rising by 4.3% on Friday.

This surge comes after a period of market pressure in the third quarter, but Fidelity cautions that this may not be the end of the bear market yet.

Fidelity points to Bitcoin's four-year market cycle as one factor that could influence its price. Historically, major bear-market bottoms and bull-market tops have occurred around this interval.

If this pattern holds, another potential low for Bitcoin could occur in November 2026, although Fidelity notes that the cycle is not guaranteed to repeat.