Bitcoin (BTC) Price Forecast from Crypto Investment Firm: Sets Target for 2024

Based on historical data, crypto investment firm Pantera Capital predicted that Bitcoin (BTC) could reach its $149k target after the expected halving in 2024.

According to a recent report by Pantera, the next halving in Bitcoin on April 20, 2024 expected to happen. Mining rewards per block as a result of halving from 6.25 BTC to 3,125 BTC will fall. In the light of this information, the company demand does not change even in the scenario to a reduction in supply He stated that Bitcoin will rise accordingly.

In the report, considering the historical data, it is estimated that Bitcoin is about to halve before the halving. 1.3 years before it saw bottom levels and before halving 1.3 years Then it was claimed that it created new heights. According to the report, each halving is approximately above the market. 2.6 years has an active effect.

If history repeats itself, the company on 30 December 2022 After the price should hit bottom in 2024 He suggested that they expect a rally and a strong bull market after the halving.

In the report, in the chart shared by Pantera, based on the rise in price rallies in the past, Bitcoin’s halving date 35 thousand dollars should be, after the halving $148,636 was expected to rise.

source site-9