Bitcoin has a positive chance of beating its previous $109,000 record this June while facing market instability from economic changes. According to Swan Bitcoin CEO Cory Klippsten the odds are high for bitcoin to hit a new price record but traders need to handle global tensions and inflation worries first.

According to Klippsten our chances are higher than 50% that Bitcoin will reach its past high by June 2021 end. The cryptocurrency market reacted strongly to news about U.S. President Donald Trump putting import tariffs on China, Mexico, and Canada from February 1.

The value of Bitcoin decreased by 4.9% during the past 1 day and present price is $88,210 because since the total import tariff announcement the market value has dropped by 14%.

Macroeconomic Challenges and Bitcoin’s Resilience

First Klippsten recognizes that cryptocurrency market participants must absorb trade policy changes and foreign and domestic economic concerns before returning to steady growth habits. Although current market volatility exists the overall market expectations remain positive.

First Bitcoin exceeded $100,000 in December 2024 due to corporate clients stepping in as their belief in digital money grew. Major investors continue to observe Bitcoin without being swayed by temporary market fluctuations according to Klippsten.

After Trump authorized creating the Strategic Bitcoin Reserve Bitcoin sank below $85,000. People first believed the executive order would boost Bitcoin”s value until they realized it lacked information about the government”s Bitcoin purchase plans and schedule.

Bitcoin’s Short-Term Price Forecast: $85,000 to $95,000 Range

Network economist Timothy Peterson predicts Bitcoin will trade within this range of $85,000 to $95,000 for six to twelve weeks before experiencing new market boosts. He interprets market data to show that market consolidations occur before strong price upswings.

Bitwise Invest CEO Hunter Horsley stays positive because Bitcoin behaved similarly after spot Bitcoin ETFs entered the market during January 2024. When ETFs received approval Bitcoin lost value before starting an upswing to become a new record holder.

The Bitcoin market dropped when investors received Bitcoin ETF products. It hit a brand-new price high only after that dip. As Horsley announced on March 7 he predicted traders will continue their buying and selling activities.

Bitcoin’s Path to $109K: Can It Overcome Market Uncertainty?

The professional Bitcoin market expects strong long-term growth for Bitcoin despite temporary price dips. People worry about rising inflation and Federal Reserve actions plus global unrest affects Bitcoin prices in the near future yet fails to stop long-term price growth.

According to Klippsten there is ongoing consolidation with Bitcoin but he does not think it will last. Traders and investors believe Bitcoin will surpass its past highs because institutions keep showing support while Bitcoin has shown durability over the years.