Pantera Capital believes Bitcoin will reach approximately $150,000 in its next halving cycle. Historical data suggests that BTC/USD hits a low point before the halving and then rises sharply.
The firm thinks the recent bear market in 2022 marked the current cycle’s bottom, and they expect BTC/USD to trade around $35,000 by the April 2024 halving. While the impact of each halving decreases, they still anticipate substantial price increases.
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