Cori Kalbston, CEO of Swan Bitcoin, says the chances of Bitcoin, which exceeds the highest level ever, at $ 109,000 by June, but the market needs time to accommodate the volatile macroeconomic conditions.
“I think there are more than 50 % chance that we will see at all before the end of June this year,” Kalston told Cointelegraph.
However, he said that the market participants first need to adapt to the threats of US President Donald Trump’s tariff and uncertainty about inflation rates.
The markets need time to digest
“The market needs to digest customs tariffs first, fears of trade war, and growth concerns. He said,” Bitcoin trading is less than $ 100,000 at the present time seems to be a temporary stop, and not an end to running the bull. “
At the time of publication, Bitcoin was traded at $ 88,210, a decrease of 4.9 % during the last day, Coinmarketca data He appears. Bitcoin has decreased nearly 14 % since Trump declared an import tariff for goods from China, Canada and Mexico on February 1.
Bitcoin is trading at $ 88,210 at the time of publication. source: Coinmarketcap
Kalston said that the bitcoin momentum was from his first break at all over $ 100,000 in December 2024, not “completely faded”, and the institutional demand “did not disappear.”
“The overall economic uncertainty-geopolitical tensions, inflation fears, and federal reserve policy transformations-definitely create noise, but I claim that it is often short-term.”
“We are in the stage of unification now, but I do not see that it extends to a long -term side movement,” Kalston said.
After Bitcoin reached the highest level ever at $ 73,679 in March, it was united in a wide range from $ 53,000 to $ 72,000 for the next eight. Then he regained this level after Trump’s election in November and rose to $ 100,000 the following month.
Bitcoin may bounce between $ 85,000 to $ 95,000 for some time
Bitcoin fell to the lowest level in less than 85,000 dollars shortly after Trump signed an executive order to create a strategic Bitcoin reserve.
Trump was less than market expectations because he only confirmed that most of the bitcoin kept by the United States government will not be sold and did not give a clear timetable for the date of getting more, nor how much she was looking to buy.
Related to: Bitcoin price is called 2020 Bull Run says 69 thousand dollars new bottom
After the Bitcoin price chip, the Timothy Cointelegraph network told the network, Bitcoin is likely to bounce between $ 85,000 and 95,000 dollars over the six to six weeks two weeks ago “slowly” up to more than $ 100,000.
Hunter Horsley, CEO of BitWise Invest, does not care about the decrease in Bitcoin after Bitcoin strategic declaration, noting that a similar decrease occurred after the release of the Bitcoin Stock Exchange (ETFS) in January 2024.
Bitcoin was sold from EtFS Bitcoin. He said In the publication of March 7.
magazine: SEC’s U-Orn on Crypto Main Questions Waves without answering
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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