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Pantera Capital CEO predicts Bitcoin will reach $117,000 in August 2025
According to Deep Tide TechFlow, Pantera Capital CEO Dan Morehead predicted on the Bankless podcast that Bitcoin will reach a new peak in the bull market cycle in August 2025, with a target price of $117,000.
Morehead pointed out that Bitcoin's price trend follows a four-year halving cycle, with the effects of the halving event typically starting to manifest 400 days before it occurs, and peaking about 480 days later.
Morehead stated that the market environment in 2025 will be very favorable, benefiting not only from the halving effect but also supported by political and macroeconomic factors.
Morehead pointed out that Bitcoin's price trend follows a four-year halving cycle, with the effects of the halving event typically starting to manifest 400 days before it occurs, and peaking about 480 days later.
Morehead stated that the market environment in 2025 will be very favorable, benefiting not only from the halving effect but also supported by political and macroeconomic factors.
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