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The post Bitcoin Price Prediction 2025: Pantera Capital Predicts BTC Price To Hit $150K appeared first on Coinpedia Fintech News
While recent Bitcoin (BTC) price movements have been stable, a historical pattern suggests a potential change in the coming months. Bitcoin is showing resilience towards $26K while the triggers are pushed at $25K. This is going crazy as Bitcoin has made an effort to stay strong in the current tide. Pantera Capital, a digital assets-focused investment firm with $3.5 billion in assets under management, has boosted that Bitcoin will double down after the upcoming halving event.
Pantera Says Bitcoin Will Reach $147,843 by 2025
In its latest blockchain letter to investors, Pantera Capital asserts that Bitcoin’s value could go for a parabolic surge by over 466% from its current level, reaching six figures for the first time around mid-2025.
Backed by a historical trend where Bitcoin’s price has typically hit its lowest point about 477 days before a halving, then risen leading up to the event, and finally surged afterward. These post-halving rallies have historically lasted around 480 days, from the halving to the peak of the subsequent bull cycle.
Based on this historical pattern, Pantera predicts that around August 13, 2025, Bitcoin might achieve a value of $147,843. This prediction aligns with the timing of the next halving event expected on April 20, 2024. Pantera also suggests that Bitcoin will gradually increase to $35,000 as it approaches the halving, coinciding with a reduction in miners’ rewards. Looking at past history bitcoin has made a huge jump on and off halving events.
Will History Repeat Itself?
Drawing parallels, Pantera observes that the second Bitcoin halving in 2016 reduced supply by 33%, resulting in a similar price impact. The third halving in 2020 reduced supply by 43%, affecting prices by 23%.
Hence it is expected that in the second halving in April 2024 it will reduce fresh supply by half as most Bitcoins are already in circulation. If history prevails, Bitcoin may reach $35,000 before the next halving and $148,000 after. Bitcoin is trading at $26,102, down 0.1% in 24 hours. They are known for such impressive predictions.
What’s Next for BTC?
This week marks the initial decision on the Bitcoin ETF, a highly anticipated and historic event. A crypto analyst, Seth adds another perspective by suggesting that Bitcoin could reach over $300,000 by 2025 if BlackRock’s Bitcoin Exchange-Traded Fund (ETF) gets approval. Factors contributing to this potential approval include BlackRock’s high ETF approval rate, its crucial role during the 2008 financial crisis, the CEO’s endorsement of Bitcoin, the existence of Bitcoin ETFs in Europe and Canada, and participation from other major asset managers like Vanguard and Fidelity.
Bitcoin is dominant so far but XRP is also giving a threat post-victory so it will be interesting to see where the tide goes now. If Bitcoin ETF is approved it may see another light by Q4.