Pantera Capital, a hedge fund specializing in cryptocurrencies, has expressed its optimistic outlook on the future growth of Bitcoin (BTC). The fund has made a bold prediction that the price of Bitcoin could potentially reach $117,000 by August 2025.
However, the cryptocurrency market is currently experiencing a downturn, with Bitcoin, the leading cryptocurrency in the world, dropping significantly to $60,650. This is the lowest point it has reached in recent days. Since the halving event that occurred on April 19, the price of Bitcoin has been fluctuating and experiencing significant drops.
Analysts have emphasized that while the halving event is a significant milestone for cryptocurrencies, it takes several years for its effects to be fully realized. They have referred to an old prediction, stating, “When we made this prediction, Bitcoin was at $17,000. Our model projected that Bitcoin would hit its lowest point and then rise during the halving recovery, reaching a peak of $117,000 in August 2025, based on the average duration of previous rallies.”
Pantera Capital analysts have noted that the market bottomed out a few weeks after their forecast. They stated, “The average duration for this to occur, compared to previous halvings, was 2.6 years, with pre- and post-halving rallies lasting almost the same duration. The symmetry between the cycles is remarkable – the rally before the 2024 halving lasted 515 days, just one day longer than the rally before the 2020 halving.”
Based on these findings, the experts have reiterated their forecast, setting their expectations that the price of Bitcoin will reach $117,000 in 2025. If this prediction comes true, it would surpass its all-time high of $73,737.94. Currently, the price of Bitcoin is quoted at $61,419.96, experiencing a 1.2% decrease in the last 24 hours.
In a publication on X, a negotiation expert using the pseudonym Plan B shared their own Bitcoin price prediction on May 7. They observed the recent movements in the market and highlighted that the average price of Bitcoin for the 2020-2024 halving cycle was $34,000, which was below the forecasted $55,000 for 2019.
Plan B’s analysis included a prediction for the price of Bitcoin between the years 2024 and 2032. Based on the data, they projected an average Bitcoin price of $500,000 for the 2024-2028 halving cycle, and an impressive $4 million for the following halving cycle between 2028 and 2032.
It is important to note that the views and opinions expressed in this article, including those of Pantera Capital and Plan B, are for informational purposes only and should not be considered as financial or investment advice. Investing or trading cryptocurrencies carries the risk of financial loss.
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