Cory Klippsten, CEO of Swan Bitcoin, forecasts that the bitcoin market will hit a bottom in October between $53,000 and $57,000, before rebounding to $130,000 ahead of the 2028 halving. This thesis is based on the observation of a twelve-month cycle between each peak and trough, a pattern repeated across previous cycles, as well as the all-time high of 14.7 million BTC held by long-term holders. On altcoins, Klippsten is blunt: he considers them « fundamentally dead » as monetary competitors to bitcoin, with one notable exception, Hyperliquid, whose HYPE token is up 130% year-to-date. Other analysts, such as Markus Thielen of 10x Research or trader Bob Loukas, propose different timelines but converge toward a similar floor zone.
Source: Read the original article
