Swan Bitcoin CEO: Bitcoin Below $100,000 Signals a Bull Run Pause

The probability of Bitcoin surpassing its all-time high of $109,000 by June exceeds 50%, according to Swan Bitcoin CEO Cory Klippsten in an interview with Cointelegraph.

He suggests that market participants currently need time to adjust to the threats posed by tariffs introduced by U.S. President Donald Trump and the uncertainty regarding inflation rates.

“Initially, the market needs to digest tariffs, trade war fears, and growth. A Bitcoin trading below $100,000 feels more like a pause rather than the end of the bull rally,” Klippsten said.

At the time of writing, the leading cryptocurrency is priced around $88,250. Since February 1, when Trump announced the imposition of tariffs on imports from Canada, Mexico, and China, the asset has depreciated by approximately 14%.

Klippsten believes that the momentum from Bitcoin’s initial breakthrough above $100,000 in December 2024 is “not entirely exhausted,” nor has it “disappeared.”

“Macroeconomic uncertainty — geopolitical tensions, inflationary concerns, and changes in Fed policy — certainly create noise, but I would say it’s mostly short-term,” the entrepreneur stated.

He does not believe that the current phase of Bitcoin consolidation will turn into a long-term sideways trend.

In early February, amid the delay in tariff implementation by Trump, the cryptocurrency recovered to the $100,000 level. However, the announcement of tariffs against the EU pushed the rate below $83,000.

The president’s statement on the creation of a U.S. crypto reserve boosted the price to around $95,000 in early March. However, the pump proved short-lived as market participants were disappointed by the lack of specifics regarding the initiative.

On March 6, Trump signed an order establishing a strategic Bitcoin reserve. The asset’s rate responded with another decline.

Experts at CryptoQuant expressed doubts about the imminent resumption of a confident rise in the price of the leading cryptocurrency, suggesting a prolonged stagnation.