Bitcoin has stabilized near $90,000 as the CEO of Swan Bitcoin, Cory Klippsten, suggests the recent price pullback may be coming to an end. In a recent interview with CNBC, Klippsten expressed optimism that the current market structure is setting the stage for a significant rally in 2026. While major cryptocurrencies such as Ethereum and Solana have experienced declines of over 20% in the past 90 days, institutional demand for Bitcoin appears to be increasing, raising expectations for potential new highs above $125,000.
The cryptocurrency market has seen fluctuations recently, leading to concerns among investors. Bitcoin, after previously soaring to around $73,000 and peaking at $126,000, has entered a phase of consolidation, with prices hovering between $85,000 and $91,000. Klippsten contends that this period should not be viewed as weakness, but rather as a necessary adjustment following the sharp rise.
Market Dynamics and Shifts in Trends
Klippsten emphasized that the traditional four-year Bitcoin cycle may be diminishing in relevance. Historically, Bitcoin has peaked in the years 2013, 2017, and 2021, followed by significant bear markets where prices struggled to reach previous highs. He noted, “This time feels different,” suggesting that the absence of an explosive price surge in 2025—typically associated with halving events—could prevent a significant downturn from occurring.
The CEO highlighted that the current market does not exhibit the same level of overheating seen in previous cycles, which could mean a lower risk of drastic price corrections. Furthermore, as institutional and governmental participation in Bitcoin continues to rise, the foundation of support for its price strengthens. Klippsten remarked, “Bitcoin tends to be a one-way motion. People generally don’t enter Bitcoin and then exit completely. They usually stay and adjust how much they buy.”
Looking Ahead: A New All-Time High?
Given the current trends, Klippsten estimates there is over a 50% chance that Bitcoin will reach a new all-time high in 2026. He believes that if the momentum continues, prices could exceed $125,000. Despite the broader declines in the cryptocurrency market, the outlook for Bitcoin remains optimistic. The shift towards a more mature phase, driven by long-term adoption rather than speculative trading, suggests that the next significant movement in Bitcoin’s price may be upward.
As prices continue to consolidate and institutional interest expands, many investors are cautiously watching Bitcoin’s trajectory. The potential for a substantial rally in the coming years has become a focal point for those involved in the digital asset space. With the landscape evolving, Bitcoin’s next major move could redefine the parameters of the cryptocurrency market once again.
