Bitcoin has ‘more than 50% chance’ of new high by June: Cory Klippsten

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Is Bitcoin About to Break Into the Stratosphere? 🚀💸

So, Cory Klippsten, the grand wizard of Swan Bitcoin, casually drops that there’s a “more than 50% chance” Bitcoin will flip its previous high of $109,000 by June. Because who doesn’t love a game of digital Russian roulette with their finances, am I right? 🤑

“The market needs to soak up some of this macroeconomic drama,” Klippsten told CryptoMoon, signaling that before Bitcoin shoots for the stars, it might want to chill with the current economic chaos. You know, like tariffs from our very own Donald Trump, and inflation lurking like your in-laws during the holidays.

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According to Klippsten, the market’s just taking a breather—like it just devoured a family-sized bag of chips and needs to digest the drama of tariffs and trade wars. “Trading under $100,000 feels like a little pit stop en route to the finish line, not the end of the bull run,” he insists. Hang in there, Bitcoin! 🍟

As of the moment the magic words were typed, Bitcoin was sitting pretty at $88,210. That’s a drop of 4.9% in a day—almost like watching your savings vanish during a spontaneous Amazon shopping spree. Did I mention it dropped nearly 14% since our favorite reality star, Trump, decided tariffs were a fun idea back in February? 🎢

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But fear not! Klippsten assures us that Bitcoin’s glory moment from breaking above $100,000 last December is still lurking around. He gives institutional investors the benefit of the doubt, claiming they haven’t fled the scene like my friends after a bad karaoke night.

“Yes, geopolitical tensions are throwing a tantrum, inflation is wearing its scariest mask, and the Fed is doing the twist with its policies, but this is mostly the loud noise of a short-term freak-out,” he quips.

He notes we’re in a phase where Bitcoin is consolidating—kind of like a middle school dance where nobody knows who to partner with but everyone’s just pretending the awkwardness is totally fine. 😅

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Klippsten points out that after Bitcoin’s recent dip to under $85,000—thanks to Trump’s bold move of establishing a Strategic Bitcoin Reserve—it’s going to bounce around like a rubber ball in an unpadded room for the next few weeks.

Of course, these predictions come with all the confidence of a teenager trying to figure out their future career path. “Based on historical patterns, expect Bitcoin to stumble between $85,000 and $95,000 before slowly crawling back above $100,000,” said network economist Timothy Peterson. Great, so just enough time to nail down my actual career path while Bitcoin plays hopscotch! 🥴

But here’s the kicker: Hunter Horsley, CEO of Bitwise Invest, is not sweating the drop in Bitcoin’s value one bit. It’s all part of the dance, folks! “Bitcoin sold off after Bitcoin ETFs launched. And then? Poof! Off to a new all-time high,” said Horsley, confidently reminding us that traders are going to trade, and that’s just how this crazy digital circus rolls.

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2025-03-07 09:43