Bitcoin’s chances that exceed all times of $ 109,000 in June are desirable, but the market first takes time to get the volatile macroeconomic conditions, says Swan Bitcoin CEO Cery Klippsten.
“I think there is more than 50% chance we will see all the time high before June ends this year,” Klippsten told Cointelegraph.
However, he said market participants first had to adapt to the tariff threats of President Donald Trump’s President Donald Trump and the uncertainty around inflation rates.
Markets need time to dissolve
“The market needs to first dissolve tariffs, fear of trade war, and fear of growing fear. Bitcoin trading below $ 100,000 now feels like a pause, not an end to the Bull Run,” he said.
At the time of publication, Bitcoin traded at $ 88,210, down 4.9% on the previous day, CoinMarketCap data Shut up. Bitcoin has come down Almost 14% from Trump The tariffs were announced in imports of goods from China, Canada, and Mexico in February. 1.
Bitcoin trades at $ 88,210 at the time of publication. Source: CoinMarketCap
Klippsten said the momentum of Bitcoin from its first break above $ 100,000 in December 2024 was not “completely faded,” and the institution’s demand was “not lost.”
“The uncertainty of macroeconomic-geopolitical tensions, fears of inflation, and fed policy changes-certainly creates noise, but I say it’s almost temporary.”
“We’re at a phase of integration now, but I don’t see it expanding in the long-term movement of the sideways,” Klippsten said.
After Bitcoin hit All-time high $ 73,679 in MarchIt combined within a wide range of $ 53,000 to $ 72,000 for the next eight months. It then reclaimed the level after Trump was elected in November and up to $ 100,000 next month.
Bitcoin can bounce between $ 85,000 to $ 95,000 for some time
Bitcoin fell to a low under $ 85,000 shortly after Trump signed an executive order creating a strategic bitcoin reserve.
Trump’s command is undeniable in market expectations because it has only been confirmed that most Bitcoin held by the US government will not be sold and will not provide a clear timeline when it will get more, or how much it wants to buy.
Related: Bitcoin price metric called 2020 Bull Run tells $ 69k new bottom
Following a bitcoin price slide, network economist Timothy Peterson told Cointelegraph based on historical patterns, it is likely that Bitcoin will be able to bounce between $ 85,000 and $ 95,000 in the next six to twelve weeks before the “slowly -” trending “trending up to $ 100,000 again.
Bitwise invest CEO Hunter Horsley was not very concerned about the fall of Bitcoin prices following the announcement of the Strategic Bitcoin Reserve, pointing out that a similar collapse took place after the launch of the spot bitcoin exchange-traded funds (ETFS) on January 2024.
“Bitcoin sold in the launch of Bitcoin ETF. And then proceeded to a new ATH. Traders,” Horsley Says In a post of March 7 x.
Magazine: SEC U-Turn to Crypto leaves key questions that are not answered
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
