According to CoinMeta, Fidelity warns that a rebound in Bitcoin does not necessarily confirm a new bull market cycle. Although Bitcoin rose back above $80,000 on Friday and market sentiment improved following its strong performance in August, Fidelity points out that the market may still experience another round of decline before the current bear market phase ends. Fidelity's analysis, based on Bitcoin's four-year cycle, suggests that a new bottom could emerge in November 2026, following the bottom confirmed in November 2022. Despite the strong rebound in August that cheered bulls, the market still needs sustained momentum and higher highs to prove that this rebound is more than just a temporary surge.