Bitcoin could bottom in October, altcoins are ‘basically dead,’ Swan CEO says

Bitcoin could bottom in October before recovering to around $130,000 ahead of the 2028 halving, according to Swan Bitcoin CEO Cory Klippsten.

Bitcoin’s (BTC) price peaked above $126,000 in early October 2025, meaning that the “market should bottom in October,” Klippsten told Cointelegraph. 

He argued that Bitcoin has so far bottomed about 12 months after each previous bull market peak, while cautioning against extrapolating from only a few previous cycles.

Klippsten’s prediction for an October bottom builds on a June interview with Cointelegraph, when he said Bitcoin may bottom earlier than in previous cycles as long-term holders accumulated a record share of supply, or 14.7 million BTC.

In the latest interview, Klippsten said Bitcoin could fall to $57,000, or even $53,000, before a quick recovery, and could reach around $130,000 ahead of the 2028 halving.

Other analytics providers are eyeing an earlier bottom. Markus Thielen, founder of 10x Research, said that Bitcoin could confirm a bear-market bottom in August with a monthly close above $63,000, which would turn several of the analytics firm’s cycle indicators bullish.

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