[DigitalToday AI Reporter] Bitcoin could face a critical turning point in 2026 around $65,000.

Cointelegraph, a blockchain media outlet, reported on Sunday that market attention is focusing after Fidelity Investments’ Jurrien Timmer recently used power law analysis to identify $65,000 as a “survival line.”

The power law is a model that estimates Bitcoin’s long-term “fair value,” and historically a long-term bottom tends to form when prices test the lower support line. Timmer pointed out that Bitcoin is currently showing steep growth (an S-curve) like in the early days of internet adoption, but is gradually widening its gap with the power law path, a long-term price rise model. If $65,000 breaks, the next support level is likely to be $45,000.

A debate has recently continued in the Bitcoin community over whether the four-year cycle theory is breaking down. As 2025 ends in a downtrend, some argue the existing cycle theory should be discarded. But blockchain expert David Ang forecast that claims Bitcoin has fully exited a bear market misunderstand its price formation mechanism, and that in the long term price cycles will lengthen and volatility will fall.

Past cases suggest a strong rebound is likely when the power law is compressed. Ang said Bitcoin is not stagnant but in a compressed state under long-term growth rules, and he analysed that prices are likely to rise and catch up.

Ultimately, whether Bitcoin can defend $65,000 in 2026 is expected to be a key variable determining future market direction.

Bitcoin on the other hand, took the year off (or at least the past few months). It is following the internet S-curve a lot closer now than the power law curve. It’s interesting that a lot of Bitcoin folks are proclaiming that the four year cycle is dead and a new structural up… pic.twitter.com/ibQr4hAzlf