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Klippsten Sees October Bottom for Bitcoin Ahead of Potential $130k Recovery

Guavy AI Editorial Team
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BTC
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Swan Bitcoin CEO Cory Klippsten shared his insights on the current state of cryptocurrency markets, specifically Bitcoin's price action. According to Klippsten, Bitcoin could bottom in October before recovering to around $130,000 ahead of the 2028 halving.

The market peak for Bitcoin occurred above $126,000 in early October 2025. Based on this information, Klippsten argued that the market should bottom in October. He also mentioned that Bitcoin has so far bottomed about 12 months after each previous bull market peak, but cautioned against extrapolating from only a few previous cycles.

Klippsten's comments also touched on the state of altcoins, which he described as 'basically dead.'

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