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BTC Price Will Bottom on November 30, 2025 High Will Reach $148,000 After the Next Halving

By Simon LawsonNovember 12, 20222 Mins Read
BTC Price Will Bottom on November 30, 2025 High Will Reach $148,000 After the Next Halving
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Pantera Capital issued a letter to investors stating that the Bitcoin halving is imminent and the next halving is expected to occur on March 22, 2024.

The mining reward will be reduced from 6.25BTC per block to 3.125BTC per block. Efficient market theory says that if we all know the halving is going to happen, then it has to be priced in. If the demand for the new bitcoins produced remains the same and the supply of new bitcoins produced is cut in half, this will force the price up.

Ahead of the halving event, demand for Bitcoin will also increase due to the expected price increase. The typical trough for Bitcoin is 1.3 years before the halving, and on average, the Bitcoin market peaks 1.3 years after the halving. The whole process will take 2.6 years to see the full impact of the halving.

Historically, Bitcoin bottomed 477 days before the halving, climbed in price before the halving, and then exploded in price after the halving. If history repeats itself, Bitcoin’s price will bottom on November 30, 2022. Then, we will see a strong rally in Bitcoin after the actual halving in early 2024, with Bitcoin price reaching $35,638 in 2024 and $14,8636 in 2025.

It is reported that Pantera Capital is a venture capital fund established by Dan Morehad in 2003. Ten years after its establishment, it has transformed into a cryptocurrency investment institution. At present, it focuses on early investment in the field of blockchain and digital currency.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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