Pantera Capital, a prominent crypto hedge fund, has expressed an extremely bullish outlook on the future of Bitcoin (BTC). The fund has made a bold prediction, forecasting that the price of Bitcoin could reach a staggering $117,000 by August 2025.
The cryptocurrency market has been experiencing a downturn, with Bitcoin, the world’s leading digital asset, recently dipping to $60,650, marking a significant decline in recent days. Since the Bitcoin halving event on April 19, the cryptocurrency’s price has exhibited considerable volatility and fluctuations.
Analysts have highlighted that the halving is a pivotal event for the cryptocurrency ecosystem, but it can take years for the full impact to be realized. Experts have revisited an earlier prediction, stating, “When we made this forecast, Bitcoin was trading at $17,000. The model projected that Bitcoin would bottom out and then rise during the halving recovery, ultimately peaching at $117,000 in August 2025 (based on the average duration of previous rallies).”
Pantera Capital’s analysts have noted that the market has already bottomed out a few weeks after their initial forecast. “The total average duration for this to occur relative to previous halvings was 2.6 years, with the pre- and post-halving rallies averaging almost the same duration. The symmetry between the cycles is quite remarkable – the rally before the 2024 halving lasted 515 days, just one day longer than the 514 days of the rally before the 2020 halving.”
Given these insights, the experts have reaffirmed their prediction, expecting the Bitcoin price to reach $117,000 in 2025, surpassing its previous all-time high of $73,737.94. At the time of writing, Bitcoin is trading at $61,419.96, down 1.2% in the last 24 hours.
In a separate development, a renowned trading expert, known by the pseudonym Plan B, has shared their own Bitcoin price prediction. In a recent publication on X, Plan B observed the latest market movements and forecasted an average Bitcoin price of $34,000 for the 2020-2024 halving cycle, which is lower than the previous $55,000 forecast for 2019.
Furthermore, Plan B’s analysis delves into the Bitcoin price prediction for the 2024-2032 period. Based on the data, the expert has revealed an average Bitcoin price of $500,000 for the 2024-2028 halving cycle, followed by an impressive $4 million average price for the subsequent 2028-2032 halving cycle.
It’s important to note that investing or trading in cryptocurrencies carries inherent risks, and investors should exercise caution and conduct thorough research before making any financial decisions.
