The chances of Bitcoin surpassing its all-time high of $109,000 by June remain promising, but the market must first navigate macroeconomic uncertainties, according to Swan Bitcoin CEO Cory Klippsten.
“I think there’s more than a 50% chance we will see all-time highs before the end of June this year,” Klippsten said in a recent interview. However, he noted that investors need time to digest economic shifts, particularly U.S. President Donald Trump’s recent tariff announcements and lingering inflation concerns.
“The market needs to first digest tariffs, trade war fears, and growth scare fears,” Klippsten said. “Bitcoin trading below $100,000 right now feels like a pause, not an end to the bull run.”
At the time of writing, Bitcoin was trading at $89,210, according to CoinMarketCap. The cryptocurrency has slipped nearly 14% since February-start, when Trump introduced tariffs on imports from China, Canada, and Mexico.
Despite this downturn, Klippsten remains optimistic, arguing that institutional demand remains strong and that Bitcoin’s recent breakout above $100,000 in December 2024 still holds significance. “Macroeconomic uncertainty is creating short-term noise, but the long-term trend remains bullish.”
After hitting a record high of $73,679 in March 2024, Bitcoin moved sideways for eight months before surging past $100,000 in December, following Trump’s election victory. However, recent policy decisions have triggered another period of price consolidation.
BTC recently dipped below $85,000 after Trump signed an executive order to establish a Strategic Bitcoin Reserve. The order fell short of market expectations, merely confirming that the U.S. government would not sell its BTC holdings without offering specifics on future acquisitions.
As Bitcoin stabilizes, network economist Timothy Peterson predicts the asset will likely trade between $85,000 and $95,000 for the next six to twelve weeks before gradually reclaiming higher levels.
Meanwhile, Bitwise Invest CEO Hunter Horsley downplayed concerns about Bitcoin’s pullback, drawing parallels to January 2024, when BTC briefly dipped after the launch of spot ETFs before rebounding to new highs.
“Bitcoin sold off on Bitcoin ETFs launching. And then went on to a new ATH. Traders gonna trade,” Horsley remarked in a March 7 X post.
The post Will Bitcoin Break Its ATH by June? Here’s What Expert Says appeared first on BitcoinLinux.com.
Go to Source
Author: coinmaker
Key Highlights Tether CEO Paolo Ardoino denied that the company is building or planning to…
Key Highlights Bitget is restricting transactions linked to 16 crypto platforms and entities, including HTX…
Key Highlights BitGo held the largest share of real-world asset issuer TVL at 27.5%, with…
Key Highlights Kalshi accuses Nevada’s gaming regulator of breaking federal law over $120,000 in daily…
Key Highlights Solana co-founder Anatoly Yakovenko suggested that temporarily increasing SOL issuance could be more…
Key Highlights SOL is now live on the XRP Ledger, giving users access to Solana’s…
This website uses cookies.
Read More