Swan Bitcoin CEO predicts BTC to cross $109k by June

Bitcoin's price prediction by SWAN Bitcoin CEO:

“I think there’s more than 50% chance we will see all-time highs before the end of June this year,” Klippsten told Cointelegraph.

Bitcoin is trading at $88,210, which is 4.9% lower than the previous day. Since the announcement of the tariffs on February 1, Bitcoin has fallen nearly 14%. Despite this drop, Klippsten remains optimistic about Bitcoin’s future. He says that the strong momentum from Bitcoin’s first break above $100,000 in December 2024 is still present, and institutional investors have not lost interest in Bitcoin.

Bitcoin has a good chance of breaking its all-time high of $109,000 by June, according to Swan Bitcoin CEO Cory Klippsten. He believes there is more than a 50% chance that Bitcoin will reach a new peak before the end of June. However, he also points out that the market is currently dealing with economic uncertainties that need to be absorbed before Bitcoin can continue its upward trend.

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One of the biggest challenges affecting Bitcoin’s price right now is the uncertainty surrounding U.S. President Donald Trump's new import tariffs. These tariffs, which impact goods from China, Canada, and Mexico, have caused concern among investors. Inflation rates and fears of a slowdown in economic growth are also making traders cautious. Klippsten believes that Bitcoin’s current price below $100,000 is just a temporary pause and not the end of the bull run.

The market has been experiencing uncertainty due to geopolitical tensions, inflation concerns, and changes in the Federal Reserve’s policies. Klippsten acknowledges that these factors are creating short-term challenges, but he does not believe they will have a lasting negative impact on Bitcoin. He describes the current situation as a period of consolidation rather than the start of a long-lasting sideways trend.

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Bitcoin has seen similar patterns in the past. After reaching an all-time high of $73,679 in March 2024, it spent the next eight months fluctuating between $53,000 and $72,000. However, after Trump's election victory in November, Bitcoin’s price surged past this range and reached $100,000 in December. This shows that periods of consolidation are often followed by strong price movements.

Overall, Klippsten expects Bitcoin to continue its growth in the coming months. While short-term challenges exist, the long-term outlook remains positive. If Bitcoin successfully overcomes current market fears, it could reach new highs before June. Investors will be watching closely to see how Bitcoin responds to the ongoing economic and political developments.