Pantera Capital, an investment firm that focuses on digital assets, believes that Bitcoin (BTC) will trigger a parabolic bull run following the halving event next year. Check out more details about this below.

Bitcoin new prediction is out

According to their most recent blockchain letter, the firm, which manages $3.5 billion in assets, predicts that Bitcoin will surge by over 466% from its current value, reaching six figures for the first time in mid-2025.

The firm stated the following:

“Bitcoin has historically bottomed 477 days prior to the halving, climbed leading into it, and then exploded to the upside afterward. The post-halving rallies have averaged 480 days – from the halving to the peak of that next bull cycle. IF history were to repeat itself, the price of Bitcoin should have troughed December 30, 2022.”

Based on Bitcoin’s historical behavior, Pantera predicts that the cryptocurrency will reach $35,000 leading up to the next halving event on April 20, 2024, when miners’ rewards are cut in half.

The 2016 halving event decreased the supply of new Bitcoins by one-third and had a similar impact on price.

The 2020 halving event reduced the supply of new Bitcoins by 43% and had a 23% impact on price. The next halving event is expected to occur on April 20, 2024, and will result in a nearly 50% reduction in new supply.

If history repeats itself, Bitcoin could rise to $148,000 by August 13, 2025, 480 days after the halving event.

The firm made a similar prediction last year.

Bitcoin is trading for $26,102 at time of writing, down 0.1% in the last 24 hours.

It has been also revealed not too long ago the fact that reports indicate an impending drop in the price of Bitcoin below its current level in 2022. Justin Bennett, a crypto analyst, has issued a warning to his followers on social media platform X, asserting that Bitcoin could plunge by almost 50%.

We suggest that you check out our previous article in order to learn more details about this.

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