Bitcoin Price Forecast: Pantera Capital Predicts BTC to Reach Nearly $150,000 in Next Halving Cycle
Summary:
Bitcoin is predicted to reach nearly $150,000 in its next four-year halving cycle, according to cryptocurrency asset manager Pantera Capital. The firm believes that historical trends indicate an increase in BTC/USD value leading up to and after each halving event. By April 2024, Bitcoin could be trading at around $35,000, and if history repeats, it could reach $148,000 post-halving. Experts also forecast six-figure BTC price highs, with some expecting Bitcoin to surpass $100,000 by 2026.
Cryptocurrency asset manager, Pantera Capital, predicts that Bitcoin (BTC) will reach nearly $150,000 in its next four-year halving cycle. The firm believes that Bitcoin's price performance is heavily influenced by its halving cycles and expects historical trends to continue. Pantera Capital notes that BTC/USD tends to bottom out around 477 days before the halving, increase in value leading up to it, and then experience a surge afterwards. The firm suggests that the 2022 bear market bottom marked the current BTC price cycle bottom. By April 2024, BTC/USD could be trading at around $35,000, and if history were to repeat itself, Bitcoin could rise to $148,000 after the halving. According to Pantera Capital's calculations, Bitcoin is projected to hit its next all-time high by July 2025. Other experts, like those using Bitcoin's "Lowest Price Forward" metric, also predict six-figure BTC price highs, with some expecting BTC/USD to surpass $100,000 by 2026.
Published At
8/24/2023 8:05:38 AM
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