Major cryptocurrencies, including Ethereum and Solana, have experienced significant declines, with losses of over 20% over the past 90 days. This downturn has raised concerns among investors and analysts within the digital asset market. Despite the downturn, Cory Klippsten, CEO of Swan Bitcoin, remains optimistic about Bitcoin’s potential for recovery, suggesting that the recent market slump could already be behind us. He asserts that Bitcoin is setting itself up for a strong rebound leading into the year 2026.
In a conversation with CNBC, Klippsten addressed the recent volatility and underscored the notion that Bitcoin’s current market structure appears more robust than in previous cycles. Bitcoin had previously reached impressive highs, soaring to around $73,000 and then touching $126,000 before retreating to a stabilized range between $85,000 and $91,000. “For the last couple of weeks, Bitcoin has been bouncing between roughly $85,000 and $91,000,” Klippsten noted, characterizing this current phase as a consolidation period rather than a sign of weakness.
Klippsten further discussed the diminishing relevance of the traditional four-year Bitcoin cycle. Historically, Bitcoin has seen peaks in 2013, 2017, and 2021, each followed by extended bearish markets. However, he argues that this time feels different. The anticipated astronomical price surge that usually follows a halving event did not occur in 2025, leading him to believe that a steep collapse from current levels is unlikely. He stated, “Because of that, it’s hard to imagine a steep collapse from here,” suggesting that the absence of an overheated rally may mitigate the risks of a sharp downturn.
Additionally, Klippsten highlighted increasing institutional and governmental demand for Bitcoin as critical support for its pricing. He noted that Bitcoin’s global adoption is steadily expanding. “Bitcoin tends to be a one-way motion,” he mentioned, indicating that investors typically remain engaged with cryptocurrency rather than exiting completely. This trend has led him to estimate that there is now more than a 50% probability that Bitcoin could achieve a new all-time high in 2026, potentially surpassing $125,000.
Despite the recent declines in the broader cryptocurrency market, the outlook for Bitcoin remains promising. Klippsten posits that Bitcoin is entering a more mature phase characterized by long-term adoption instead of speculative bursts. With prices currently consolidating and an uptick in institutional interest, the next major movement for Bitcoin could very well be upward, rather than a return to prolonged downturns.
FAQs regarding Bitcoin’s current situation were addressed, with analysts like Klippsten suggesting that Bitcoin appears to be consolidating rather than weakening, indicating a likelihood of recovery. Bitcoin is currently trading between $85,000 and $91,000, reflecting a market stabilization. The possibility of Bitcoin reaching a new all-time high in 2026 remains plausible, fuelled by ongoing adoption and strong interest from long-term holders.
