Bitcoin is expected to hit nearly $150,000 during its next four-year halving cycle, according to Pantera Capital. The crypto asset manager believes that Bitcoin price performance depends heavily on its halving cycles, and with the next due within the coming twelve months, the firm is betting that historical trends will continue.The firm notes that BTC/USD tends to put in a cycle bottom and top roughly equal lengths of time from each block subsidy halving, which cuts the number of Bitcoins paid to miners per block by 50%. This suggests that the 2022 bear market bottom marked the current BTC price cycle bottom.By the halving date in April 2024, BTC/USD could be trading at around $35,000. If history were to repeat itself, the next halving would see Bitcoin rising to $35k before the halving and $148k after. This would make Bitcoin scheduled to hit its next all-time high by July 2025.Other optimistic forecasts include those based on Bitcoin’s so-called “Lowest Price Forward” metric, which this month showed BTC/USD passing the $100,000 mark by 2026. Others also believe that $100,000 is possible, but not before next year’s halving.
| Information |
Details |
| Geography |
Global |
| Countries |
|
| Sentiment |
positive |
| Relevance Score |
8 |
| People |
Dan Morehead, Joey Krug, Paul Veradittakit, Joey Zhou, None |
| Companies |
Pantera Capital, Blockchain Letter, block subsidy halving, Lowest Price Forward, BTC/USD |
| Currencies |
Bitcoin, Ethereum |
| Securities |
None |
