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The cryptocurrency market is brimming with high expectations for the coming years. Dan Morehead, CEO of Pantera Capital, forecasts that Bitcoin 
$105,789 will reach the peak of its bull cycle by 2025. He supports this prediction with data based on Bitcoin’s historical price movements and halving cycles, capturing the interest of both individual and institutional participation.
Bitcoin’s Annual Halving Cycle and Market Impact
Morehead points out that Bitcoin prices rely heavily on a four-year halving cycle. The halving event is known for restricting supply by halving mining rewards. Historically, this event has led to significant price increases for Bitcoin.
He mentioned that the impacts of the halving on prices generally begin before the event and peak within 480 days after. “Based on historical data, we predict Bitcoin will peak in August 2025. Over the years, halving events have energized the market, and we expect this trend to continue,” he stated.
Targeting $117,000 for Bitcoin
According to Morehead’s forecast, the Bitcoin price could rise by 18% from its current level to reach $117,000. At the time of writing, Bitcoin trades at $98,713, having gained 3.8% in the last 24 hours.
Pantera Capital’s analyses indicate that each halving cycle significantly influences price increases. Morehead noted that while this cycle might bring more modest price increases compared to previous periods, it will still see Bitcoin reaching an important level.
“The halving effect generally begins to be felt about 400 days in advance. The price bottoms out and then reaches its peak within 480 days. This outlines a crucial roadmap for Bitcoin’s price behavior,” he explained.
The $117,000 target for 2025 is a notable level that could further strengthen Bitcoin’s position in the financial ecosystem. However, he cautions that investors should closely follow market dynamics and risks while assessing these projections.
