Pantera Capital Forecasts Bitcoin Price Surge to $148K by July 2025 Through Bitcoin Halving Effects

Pantera Capital has reaffirmed its optimistic projection that Bitcoin (BTC) could reach an impressive price point of nearly $150,000 within its upcoming four-year halving cycle.

The most recent edition of the “Blockchain Letter,” released on August 22, underscores Pantera Capital’s bullish stance on BTC’s price trajectory beyond 2024.

Drawing strength from Halving Patterns

Pantera Capital asserts that Bitcoin’s price performance is intricately linked to its halving cycles. As the next halving event is poised to occur within the next twelve months, the firm places its bets on the continuation of historical patterns.

Historically, the BTC/USD price tends to experience a cycle bottom and a cycle top in intervals roughly equidistant from each block subsidy halving. A halving event reduces the number of new Bitcoins paid to miners per block by 50%.

The firm’s analysis reveals that “Bitcoin has historically bottomed 477 days prior to the halving, climbed leading into it, and then exploded to the upside afterward.” Furthermore, the post-halving rallies have maintained an average duration of approximately 480 days, spanning from the halving event to the zenith of the subsequent bull cycle.

Following this pattern, the theory indicates that the bear market bottom in 2022 corresponds to the current cycle’s bottom.

A Glimpse into the Future

Considering the path forward, by the time of the halving in April 2024, the BTC/USD pairing could potentially be trading around $35,000, a target that remains within the realm of achievable goals.

However, the intrigue deepens in the subsequent 480 days, as it holds the promise not just of a new all-time high but more significant developments.

Pantera Capital highlights the previous halvings’ trends. The second halving in 2016 reduced the supply of new Bitcoins by a third compared to the first halving, which also correlated with a one-third price impact. In contrast, the third halving in 2020 saw a 43% reduction in new supply and a 23% price impact.

With the next halving scheduled for April 20, 2024, and considering the diminishing reduction in new supply with each successive halving, Pantera Capital projects that Bitcoin could surge to $35,000 before the halving and then reach an astonishing $148,000 after.

Counting the Days to the Next Milestone

Calculations indicate that 480 days after the April 2024 halving, Bitcoin could potentially attain its next all-time high by July 2025.

Echoes of Optimism

Pantera Capital is not alone in its prediction of six-figure price highs for Bitcoin beyond the next year.

Other optimistic forecasts align with Bitcoin’s “Lowest Price Forward” metric, which suggests a crossing of the $100,000 threshold by 2026.

Amid these projections, there is a growing consensus that while a $100,000 price point is on the horizon, it may not materialize until after the forthcoming halving event.

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