Listen, kid, Bitcoin’s got a lot of potential, but it’s stuck in a holding pattern right now. Cory Klippsten, CEO of Swan Bitcoin, thinks there’s more than a 50% chance it’ll hit new highs by June.
But first, the market needs to digest all the macroeconomic noise out there, tariffs, trade wars, and inflation fears.
It’s like trying to navigate a minefield, but Klippsten believes Bitcoin’s momentum hasn’t entirely faded.
The playing field
Bitcoin’s trading at around $88,210, down from its peak. It’s been a wild ride, especially since Trump announced those tariffs on China, Canada, and Mexico. But Klippsten says this is just a pause, not the end of the bull run.
Institutional demand is still there, and once the market absorbs all this uncertainty, Bitcoin could bounce back big time.
The consolidation phase
Right now, Bitcoin’s bouncing between $85,000 and $95,000 in the past weeks. It’s like a boxer waiting for the right moment to strike.
Timothy Peterson, a network economist, thinks this could go on for a few months before Bitcoin starts trending upwards again.
And let’s not forget, Bitcoin’s already shown it can come back from setbacks. Remember when it dropped after the launch of Bitcoin ETFs in January 2024? It went on to hit new highs.
The experts weigh in
Hunter Horsley, CEO of Bitwise Invest, isn’t too worried about the price drops. He says, traders gonna trade, and Bitcoin’s proven it can bounce back from similar situations.
So, while the market might be volatile, the underlying demand for Bitcoin remains strong. It’s like a good movie, there are ups and downs, but the ending is what matters.
And if Klippsten’s right, that ending could be a new all-time high by June.
Bitcoin’s in a consolidation phase, but it’s not going sideways forever. Never did. The market just needs time to sort out the noise.
Once it does, watch out, Bitcoin could be ready for its next big move. And if you’re betting on it hitting new highs by June, you’re not alone.
Klippsten’s optimism is infectious, and with the right conditions, Bitcoin could prove him right.
Bitcoin sold off on Bitcoin ETFs launching
And then went on to a new ATH
Traders gonna trade
— Hunter Horsley (@HHorsley) March 7, 2025
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