HERE'S WHEN BITCOIN PRICE WILL HIT $117,000!
Pantera Capital CEO Dan Morehead predicts that Bitcoin will hit $117,000 by August 2025, marking the asset's peak price for the 2024/2025 bull cycle.
This forecast is based on Bitcoin's historical price alignment with the halving event, which occurs every four years.
The last halving event took place in April 2024, reducing miners' rewards from 6.25 BTC to 3.125 BTC.
Morehead believes that the halving impact on Bitcoin's price begins 400 days before the event, and the crypto market reaches the peak of a bull cycle around 480 days after the halving.
He also expects macroeconomic and favorable political developments to contribute to Bitcoin's potential surge to $117,000.
It's worth noting that other analysts have made even more ambitious predictions, with some forecasting Bitcoin to reach $200,000 or even $500,000 in the future. However, these predictions are highly speculative and should be taken with caution.follow @Crypto beans to learn more on this .
