Analyst: The Bitcoin cycle may have turned, and the overall market is looking positive by the end of the year

Fidelity's Global Macro Director Jurrien Timmer's latest analysis shows that Bitcoin has broken its upward trend line, potentially marking the end of another 4-year cycle. Data indicates that the amplitude of each Bitcoin growth cycle is gradually shrinking, and the duration is extending, suggesting that its network is maturing.

Although Bitcoin has underperformed this year, the overall market is entering the year-end with strong profit momentum, improved investor sentiment, loose Federal Reserve policies, and stable bond and currency markets, demonstrating a positive outlook.