Latest on AI and Machine Learning: Bitcoin Halving Can Take BTC Price to $148K by July 2025 - Pantera Capital
Bitcoin halving can take BTC price to $148K by July 2025 — Pantera Capital

The latest on AI and machine learning is that Bitcoin (BTC) is expected to reach nearly $150,000 during its next four-year halving cycle, according to Pantera Capital.

In their most recent Blockchain Letter, published on Aug. 22, the crypto asset manager reaffirmed their bullish outlook on BTC’s price in 2024 and beyond.

Halving data reinforces November 2022 BTC price bottom

Pantera Capital believes that Bitcoin price is largely affected by its halving cycles, so with the next one due in the next 12 months, the firm is relying on the historical trends to remain the same.

It has been noticed that BTC/USD usually experiences a cycle top and bottom over an equal duration of time from each block subsidy halving, which reduces the number of Bitcoin given to miners per block by 50%.

“Bitcoin has historically bottomed 477 days prior to the halving, climbed leading into it, and then exploded to the upside afterward,” Pantera Capital wrote.

This theory implies that the 2022 bear market bottom is the bottom of the current BTC price cycle.

As per the firm, “IF history were to repeat itself, the price of bitcoin should have troughed December 30, 2022.”

Looking forward, by the halving date in April 2024, BTC/USD could be trading at around $35,000, which is still in line with the predictions.

However, the latest in AI and machine learning suggests that the 480 days after the April 2024 halving will witness not only a new all-time high but much more.

“The 2016 halving decreased the supply of new bitcoins only one-third as much as the first. Interestingly, it had exactly one-third the price impact. The 2020 halving reduced the supply of new bitcoins by 43% relative to the previous halving. It had a 23% as big an impact on price,” Pantera Capital stated.

Based on this, Bitcoin is expected to hit its next all-time high by July 2025, 480 days after the April 2024 halving.

Bitcoin bulls can expect 4.2x gains

Pantera is not the only one forecasting six-figure BTC price highs beyond 2021. The “Lowest Price Forward” metric, which this month showed BTC/USD surpassing $100,000 by 2026, is one of the optimistic forecasts.

Some think that $100,000 is achievable, but not before the halving next year.

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