Bitcoin Has ‘More Than 50% Chance’ of Hitting New High by June, Says Swan Bitcoin CEO Cory Klippsten

Bitcoin is currently in a consolidation phase, but that doesn’t mean the bull run is over, according to Cory Klippsten, CEO of Swan Bitcoin. Speaking with Cointelegraph, Klippsten expressed optimism that Bitcoin has a greater than 50% chance of surpassing its all-time high of $109,000 by June 2025—despite the ongoing macroeconomic uncertainty.

Market Needs Time to Digest Volatile Macroeconomic Conditions

Klippsten emphasized that while the odds of Bitcoin reaching new all-time highs are favorable, the market must first adjust to the current volatile macroeconomic landscape. In particular, ongoing concerns surrounding US President Donald Trump’s tariff threats, inflation rates, and geopolitical tensions must be factored in before any further upward momentum can be sustained.

“The market needs to first digest tariffs, trade war fears, and growth scare fears. Bitcoin trading below $100,000 right now feels like a pause, not an end to the bull run,” Klippsten said.

At the time of writing, Bitcoin was trading at $88,210, marking a 4.9% decline over the past 24 hours. The cryptocurrency had dropped nearly 14% since Trump’s announcement of import tariffs on goods from China, Canada, and Mexico on February 1.

Bitcoin’s Momentum Still Strong Despite Short-Term Challenges

Despite these challenges, Klippsten remains confident that Bitcoin’s momentum from its breakout above $100,000 in December 2024 has not completely faded. He added that institutional demand for Bitcoin is still strong, with many market participants continuing to see long-term potential despite short-term macroeconomic noise.

“The macroeconomic uncertainty—geopolitical tensions, inflation fears, and Fed policy shifts—is definitely creating noise, but I’d argue it’s mostly short-term,” Klippsten said. “We’re in a consolidation phase now, but I don’t see it stretching into long-term sideways movement.”

Price Predictions and Market Trends

Bitcoin reached an all-time high of $73,679 in March 2024 but then spent several months consolidating in a broad range between $53,000 and $72,000. It subsequently regained momentum and surged past the $100,000 mark after Trump’s election in November 2024.

Currently, Bitcoin is experiencing another period of consolidation, and it may continue to bounce between the $85,000 and $95,000 range for the next six to twelve weeks before gradually trending upwards again, according to Timothy Peterson, a network economist.

No Need to Panic: Historical Patterns Suggest Rebound

Despite the recent dip in Bitcoin’s price, Hunter Horsley, CEO of Bitwise Invest, is not overly concerned. He pointed out that Bitcoin’s price drop following the announcement of the Strategic Bitcoin Reserve mirrors similar drops in the past, such as the price action after the launch of Bitcoin ETFs in January 2024.

“Bitcoin sold off when Bitcoin ETFs launched, and then went on to set a new all-time high. Traders gonna trade,” Horsley said in a post on X.

Conclusion: Bitcoin’s Path Forward

While Bitcoin’s price remains volatile in the short term, experts like Klippsten and Peterson remain optimistic about its long-term prospects. As the market absorbs the ongoing macroeconomic conditions and geopolitical uncertainties, there’s a strong chance Bitcoin will recover and surpass its previous all-time highs, with the potential to hit new milestones by mid-2025.

With institutional demand still in place and the growing adoption of Bitcoin across various sectors, it seems that the bullish momentum is only taking a brief pause before resuming its upward trajectory.