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Bitcoin may bottom in October before rising to $130,000 by 2028 halving, says Swan Bitcoin CEO.

Analyst Insights
17 Aug 2026
Coinpaper
View Source
Neutral
pluang ai news

Swan Bitcoin CEO Cory Klippsten predicts Bitcoin could hit a local bottom around October, potentially falling to $53,000-$57,000, before recovering to about $130,000 by the 2028 halving. This forecast is based on Bitcoin's historical market cycles and the large amount of BTC held by long-term investors, which may limit available supply. Klippsten also views most altcoins as losing relevance compared to Bitcoin, expecting greater integration between crypto and traditional finance. He highlights Hyperliquid as a rare altcoin outperformer, reflecting a market trend where institutional investors favor fewer, high-liquidity projects over many smaller tokens.

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