Pantera Capital's Bold Prediction: Bitcoin to Reach $117,000 by August 2025
Thursday, 9 May 2024, 21:18
Pantera Capital's Bitcoin Price Prediction
In a recent report, Pantera Capital suggests that post-halving periods herald significant bull rallies. However, after the 2024 halving, Bitcoin suffered a price correction to $57,000. This pattern is typical of previous market cycles and predicts a potent bull run leading up to 2025.
- Bitcoin dipped to $28,168 in 2023, but surged 1.8x by 2024.
- Pantera Capital extrapolates a robust 4.2x climb by late August 2025 to reach close to $117,482.
Key Insights:
- Bitcoin may also climb to $155,000 by 2025.
- Market resistance at $63,000 poses a significant challenge to achieving these targets.
- Continued volatility remains an indicator of potential market hurdles ahead.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.