Bitcoin’s climb to a new all-time high of $109,000 by June isn’t impossible, but it won’t be smooth sailing. According to Swan Bitcoin CEO Cory Klippsten, the chances are better than 50%, but the market needs time to absorb macroeconomic turbulence. “The market needs to first digest tariffs, trade war fears, and growth scare fears. Bitcoin trading below $100,000 right now feels like a pause, not an end to the bull run,” Klippsten told Cointelegraph.
Trump’s Policies Keep Traders on Edge
Bitcoin’s recent sell-off hasn’t gone unnoticed. The cryptocurrency has dropped nearly 14% since President Donald Trump announced new import tariffs on China, Canada, and Mexico. And while the newly signed Strategic Bitcoin Reserve executive order is a historic step, it didn’t deliver the immediate buying pressure that traders were hoping for. Instead of fresh acquisitions, the reserve will only hold Bitcoin confiscated by the U.S. government in criminal cases, leaving many wondering when (or if) additional purchases will happen.
Bitcoin Expected to Bounce Between $85K and $95K
Bitcoin is now consolidating after a sharp drop to $84,700, and analysts predict it could hover between $85,000 and $95,000 for the next several weeks. Network economist Timothy Peterson told Cointelegraph that this phase is likely just a cooldown before Bitcoin trends back over $100,000 later in the year. Meanwhile, Bitwise CEO Hunter Horsley isn’t too worried, pointing out that Bitcoin also dipped after spot ETFs launched in January—only to surge to new highs later.
U.S. Bitcoin Reserve Could Boost Market Cap by $460 Billion
Despite short-term uncertainty, analysts say a national Bitcoin reserve could eventually add billions in market value. Sygnum Bank estimates that a government-led crypto stockpile could boost Bitcoin’s market cap by 25%, triggering massive institutional inflows. “Because the liquid supply of Bitcoin is very small, larger inflows cause upward price shocks,” Sygnum’s research head Katalin Tischhauser told Cointelegraph. If federal or state governments start accumulating, the impact could be seismic.
At the time of writing, Bitcoin is sitting at $89,384.62.
