According to analysis by investment firm Pantera Capital, Bitcoin is at the end of this market cycle. It may have gained approximately 3 times the value compared to today’s price.
Bitcoin price rises due to impact of spot ETFs and upcoming halving 52 thousand dollars exceeded the limit. Block reward for miners after the halving, which is expected to occur on April 20, 2024, From 6.25 BTC to 3.125 BTC will fall.
Pantera Capital analysts said, “If the demand for newly produced Bitcoins remains constant and the supply of new Bitcoins falls by half, this forces the price up.” said.
Pantera Capital, in an analysis shared in November 2022 The impact of halvings on Bitcoin price examined and Bitcoin price Just over $35k during the halving in April 2024 He wrote that it would happen.
At the time of writing, Bitcoin is higher than analysts’ predictions in 2022 Approximately 45% more valuable.
Analysts, again in their reports in 2022, “Considering the average length of past rallies, the price at the peak of the rally after the halving, which will coincide with August 2025, It can go up to 148 thousand dollars.” He commented.
In the report published by Pantera Capital this week, “The next 18-24 months will be a strong one for cryptos. I think there will be a bull market.” It was said.