Bitcoin halving can take BTC price to $148K by July 2025 — Pantera Capital

Bitcoin (BTC) is due to strike almost $150,000 during its next four-year halving cycle, Pantera Capital believes.In its newest “Blockchain Letter” released on Aug. 22, executives at the crypto property supervisor doubled down on their bullish BTC rate forecasts for 2024 and beyond.Halving information reinforces November 2022 BTC cost bottomBitcoin price performance depends heavily on its halving cycles, Pantera Capital argues, and with the next due within the coming twelve months, the firm is wagering that historic trends will continue.BTC/ USD, it keeps in mind, tends to put in a cycle bottom and top roughly equivalent lengths of time from each block aid halving, which cuts the number of Bitcoins paid to miners per block by 50%. The 2020 halving reduced the supply of brand-new bitcoins by 43% relative to the previous halving. If history were to duplicate itself, the next halving would see bitcoin increasing to $35k before the halving and $148k after.

Bitcoin (BTC) is due to hit almost $150,000 during its next four-year halving cycle, Pantera Capital believes.In its newest “Blockchain Letter” launched on Aug. 22, executives at the crypto possession supervisor doubled down on their bullish BTC price forecasts for 2024 and beyond.Halving data reinforces November 2022 BTC price bottomBitcoin cost performance depends heavily on its cutting in half cycles, Pantera Capital argues, and with the next due within the coming twelve months, the firm is wagering that historic trends will continue.BTC/ USD, it keeps in mind, tends to put in a cycle bottom and leading approximately equivalent lengths of time from each block subsidy halving, which cuts the number of Bitcoins paid to miners per block by 50%. The 2020 halving decreased the supply of new bitcoins by 43% relative to the previous halving. If history were to repeat itself, the next halving would see bitcoin increasing to $35k prior to the halving and $148k after.